SteelMint in conversation with trade sources learned that Chinese mills have reduced bid for low grade iron ore fines following steep decline in global iron ore fines index throughout this week. SteelMint’s assessment for low grade (Fe 57%) iron ore fines is around USD 60-62/MT, FoB India or equivalent to USD 75-77/MT, CFR China as against being USD 87/MT, CFR China last month.
News ID: 5771 Publish Date : 2019/08/06
India pellet export market seems to be strengthening this week. SteelMint has learned from trade sources that Chinese mills have marginally raised its bids for Indian pellets to USD 121-122/MT CFR, China against last assessment at USD 117-119/MT, CFR China for Fe 63% grade pellet (0.5+/-) with 3% Al content.
News ID: 4517 Publish Date : 2019/05/14
SteelMint in conversation with trade sources learned that Chinese mills have raised bids for low grade iron ore fines. Bids for low grade (Fe 57%) iron ore fines prices have picked up by around 12% W-o-W. The prices have dropped to around USD 56/MT, FoB India or equivalent to USD 66-67/MT, CFR China as against being USD 50/MT, FoB India last week.
News ID: 4379 Publish Date : 2019/04/29
Imported HRC offers to Vietnam reported slight increase this week amid surge in steel prices from China. Higher export offers from Chinese origin HRC in the starting of the week amid surge in domestic prices in turn leads to marginal increase in imported HRC offers to Vietnam.
News ID: 4287 Publish Date : 2019/04/09
Inquiries for seaborne pellet cargoes from Chinese mills which remained subdued since almost a month’s time has observed some signs of improvement this week. Indian pellet export prices have fallen in recent deals concluded.
News ID: 4147 Publish Date : 2019/03/25
Chinese mills have slashed HRC export offers to Vietnam by USD 5-15/MT against last week. Mills had raised offers towards end of last week but Vietnam based buyers were holding back purchases as they were anticipating decline in offers in near term.
News ID: 2954 Publish Date : 2018/12/18
World's second largest exporter of iron ore - Brazil has recorded 9% decline in iron ore export volumes to 33.97 MnT in Nov'18 as compared to Oct'18 exports at 37.2 MnT, according to trade statistics released by Brazil customs.
News ID: 2858 Publish Date : 2018/12/09
Chinese mills owners who believe the steel boom is over may well take the time to prepare for a not too distant future when scrap is readily available
News ID: 20 Publish Date : 2015/10/01
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