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China iron ore drops nearly 8% on forecast of price fall in 2017

The cost of iron ore in China has fallen to the lowest level since November after a report from Australia's government forecast prices in the former could fall to $65 a tonne by the end of 2017.

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China's Iron Ore Imports Mix Could Lead to Dry Bulk Market Structural ...

Industry analysts said the proportion of Australian iron ore in China's total iron ore imports may be reduced to below 60 percent in 2022 for the first time since 2015, especially as China is ...

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Iron ore price falls as China cuts steel output

Aug 2, 2021Bloomberg reported that daily crude-steel output at major mills fell 5.6 per cent in the first 10 days of July from June. It followed a drop of 5.6 per cent in June. China's most recent push ...

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iron ore prices: Latest News & Videos, Photos about iron ore prices ...

iron ore prices Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. iron ore prices Blogs, Comments and Archive News on Economictimes ... The most-traded iron ore for September delivery on China's Dalian Commodity Exchange rose up to 5% to 782.50 yuan ($117.02) a tonne, its highest since June 20.On the ...

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Iron Ore News Weekly Round-Up (August 23, 2021)_SMM | Shanghai Non ...

Ansteel Group has set a goal of 70 million mt of crude steel output, 50 million mt of iron ore concentrate output, 300 billion yuan of revenues and 10 billion yuan of profit during 2021-2025. iron ore For queries, please contact Frank LIU at [email protected] For more information on how to access our research reports, please email [email protected]

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How the Iron Ore Market Works - Investopedia

Iron ore is the key input of refined iron and steel products. Prices fell to a low in 2015 as steel demand in China weakened. 4 Iron ore dropped to a 2020 low of $82.90 due to the COVID-19...

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Iron ore edges higher as COVID curbs ease in some areas of China

The most-traded January iron ore on China's Dalian Commodity Exchange DCIOcv1 ended morning trade 0.2% higher at 717 yuan ($102.29) a tonne, off a session-high 728 yuan.

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Iron ore price dives on new steel curbs in China - Insider

Sep. 13, 2021, 01:26 PM. The iron ore price fell again on Monday after China's steel-producing province Yunnan asked local mills to adjust production schedules while ensuring that its 2021 crude ...

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China iron ore shines with biggest annual gain in 3 years

The Dalian Commodity Exchange's benchmark iron ore contract, with May 2020 expiry, ended the holiday-thinned trade 0.5% higher at 648.50 yuan ($93.03) a tonne amid firmer steel futures and iron ore spot prices. On the Singapore Exchange, the front-month January iron ore contract was up 1.2% at $91.25 a tonne in afternoon trade.

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Daily Iron Ore price, Lme Comex Shfe Price of Iron Ore live | SMM ...

NPI prices rose slightly last week. Last Friday, the SMM average price of 8-12% high-grade NPI stood at 1,310 yuan/mtu (ex-factory, including tax), up 15 yuan/mtu from the previous week. Sep 19, 2022 17:35. CST.

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China's African iron ore strategy spells danger for Australia

The Simandou iron ore deposit in West Africa has the potential to change the dynamics of the global iron ore market and put China in the driver's seat. Apr 9, 2021 - 6.58pm Save

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China tariffs offset by rising Australian iron ore prices due to 'fear ...

Dec 14, 2020China tariffs offset by rising Australian iron ore prices due to 'fear tax' Boosted iron ore prices due to anxious markets are likely to help federal budget's bottom line, Deloitte says A 'fear...

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Iron Ore Rises as China's Construction Stimulus Pays Off

2 days ago717.50. CNY/MT. -6.50 -0.90%. Iron ore rose after Chinese economic indicators suggested that government stimulus is boosting the ailing construction industry, which should flow through to stronger ...

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China news: Slowing China demand for Australian iron ore to impact ...

12:14pm Jun 1, 2021, China's push to diversify its iron ore supplies away from Australian miners is a case of "not if, but when", an expert warns, and one impact would be a hit to property prices here. Iron ore - a key mineral in steelmaking - is Australia's top-earning export.

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Record iron ore prices boost Australia's economy, but will the China ...

Capital Economics senior economist Marcel Thieliant recently published a note saying: "As China's property investment slows and developers face tighter financing constraints, we expect the iron ore price to fall to $US140 by year-end." "It doesn't take much shift in demand to really see a big shift in terms of pricing," Mr Dhar explains.

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Iron ore's freefall hits Australian miners as China curbs steel output

Investment bank UBS on Friday lowered its iron ore price forecasts out to 2023 by about 10 per cent amid a slowdown in property activity in China and expectations the seaborne market would soon be oversupplied. "The correction in iron ore prices has played out faster than expected," analyst Lachlan Shaw said.

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China iron ore prices rose by 9.3% in a week — News - GMK

Apr 4, 2022Forecasts on Arpril are positive in general, despite decreasing second month in a row - by 3 p. p. to 44.4%. "In April steel demand may impove in high speed, and steel production may increase, while high costs could have pressure on enterprises. That is whmy steel prices could decrease a little bit", consider CSLPC. China is the largest importer of iron ore in the world. In 2021 the country reduced iron ore import by 4.3% y-o-y to 1.12 billion tons.

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Iron ore perks up as China steps up support for property sector

The most-traded January iron ore on China's Dalian Commodity Exchange DCIOcv1 ended morning trade 0.8% higher at 723.50 yuan ($103.86) a tonne, after touching its highest since Aug. 29 at 736 yuan ...

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Iron Ore Price Forecast: Is Iron Ore a Good Investment? - Capital

6 days agoANZ Research forecast on 11 August that the market would see a deficit of 18mt in 2022, down from 44mt last year. On 12 September, Fitch Solutions estimated that global iron ore production would increase by 2.1% to 3,147.7mt in 2022, up from 3,082.3mt in 2021. Output was expected to increase 3.1% to 3,246.4mt in 2023, and to 3,310.5mt in 2024.

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Why is the iron ore price crashing and what does it mean for Australia ...

Aug 22, 2021On May 12, 2021 the benchmark Chinese spot price for iron ore topped out at a whopping $US233 a tonne, more than two-and-a-half times what it had been a year earlier.

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China's iron ore output rises in Jan-July, but foreseen ... - SteelOrbis

In the January-July period of the current year, China produced 483.876 million mt of iron ore, rising by 6.4 percent year on year. However, international ratings agency Fitch has forecast in a recent report that Chinese domestic iron ore production will go down over the next nine years. "We forecast the country's output will decline slightly ...

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China: Iron Ore Prices Are Expected to Correct | Hellenic Shipping News ...

The concentrate price index of domestic iron ore stood at 915.7 yuan/mt last week, up 5.7% from a week earlier. Prices in major producing areas rose by around 100 yuan/mt.

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Small miners under big pressure if iron ore price falls

It swung from an interim loss of $48.5 million in 2016 to a profit of $6.6 million for the first half of 2017, thanks to the surge in iron ore prices. However, once bitten, BC Iron is attempting ...

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Souring iron ore outlook set to persist into 2022 - S&P Global

Sep 30, 2021The outlook for iron ore prices has soured as China slashed steel production, one of its largest property developers defaulted and the country advanced its work to decarbonize its economy. Iron ore prices plummeted through August, falling about $100 per tonne to as low as $94/t by mid-September for S&P Global IODEX 62% Fe and near $100/t for NYMEX 62% Fe after China called for caps on steel output as it sought to cool prices in metal markets and decrease pollution from the steel industry.

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Iron Ore PRICE Today | Iron Ore Spot Price Chart - Insider

6 days agoIron Ore. 98.99. -. USD per Dry Metric Ton. 9/19/22 01:04 PM. Copper. 7,795.50. 0.31. USD per Ton.

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Iron Ore Price - Daily Iron Ore Price updates By Macro Business

Daily iron ore price update (short rebound) The iron ore complex saw a big rebound on Monday, with concerns about COVID-19 restrictions in China abating somewhat: Spot price was up over 3%, while ...

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Iron Ore Prices Up In China, But is it Just a Dead Bounce?

Prices reacted rather quickly to this news. According to Argus, spot 62% iron ore for delivery to northern China was up to $135.90 a ton on May 20th. That's an increase of 5.7% from the previous...

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China steel, iron ore prices dip on global macro headwinds

China steel, iron ore prices dip on global macro headwinds The most-traded January rebar contract on the Shanghai Futures Exchange ended morning trade 1.7% lower at 3,725 yuan ($534.87) a tonne ...

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China continues to ravage iron ore prices, miners

Latest News. Iron ore prices have dropped to a 10-month low as China made further calls to slow steel production, causing major and minor iron ore miners to feel the effects in Australia. From ...

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China to accelerate work on iron ore projects in Australia and Africa

China to accelerate work on iron ore projects in Australia and Africa, China is reportedly planning to build at least two globally significant overseas iron ore mines by the year 2025 to boost supply. By 2025, top five steel producers in China are expected to account for 40% of the country's overall steel output.

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Iron ore prices drop after China warns of 'excessive speculation'

May 24 2021. The price of steelmaking ingredient iron ore fell sharply after China signalled it would focus on efforts to cool soaring prices, warning of "excessive speculation" as concerns ...

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China Plans State-Backed Platform to Buy Iron Ore, Sources Say

Feb 21, 20222:46. Copied. China's latest bid to wrest control of soaring iron ore prices is a plan to make global suppliers negotiate sales to the world's biggest market through a centralized platform ...

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Iron ore prices soar amid Brazil's worsening COVID-19 crisis

Latest News. Brazil's worsening COVID-19 crisis and the reduced shipment of iron ore from the South American country have led to a surge in global iron ore prices on the back of resilient demand ...

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China iron ore prices is braced for easing COVID restrictions

All news. View all; 17 April 2022 China iron ore prices is braced for easing COVID restrictions; 17 April 2022 Turkey in January-February reduced HRC import from Ukraine by 14%; 16 April 2022 War in Ukraine to cut construction volume in Eastern Europe by 3.4%, Global Data; 16 April 2022 Ukraine put limestone on the list of critical import; 15 April 2022 Metinvest to allocate 900 tons of steel ...

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China Determined to Build Iron Ore Hub in Africa as Australia Goes Quad ...

China currently buys 1 billion to 1.1 billion tons of iron ore yearly from third parties, O'Connor said. "For every $1 the Chinese can lower the long-term iron ore price ... that's $1 per ton times a billion, so a billion dollars of saving per year," he said. "It's not just about diversity, it's about lowering the price.

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China: Iron Ore Prices Went Down. What About Australia And Brazil? - FXMAG

China's covid lockdowns and recessionary risks hit iron ore. Iron ore prices have fallen significantly from their year-to-date high of US$171/t seen back in March to as low as $108/t recently. China's attempts to squash outbreaks of Covid-19 have seen fairly tough restrictions, which have not been supportive for demand.

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Iron-Ore Price Chart,China Iron-Ore Price Today-Shanghai Metals Market

MMi Daily Iron Ore Report (September 20rd) DCE iron ore futures declined by 3.06% today, the main contract closed 696. Some traders were general attitude to sell. More steel mills tended to wait and see, and purchasing enthusiasm is not high.

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Iron ore price dives on new steel curbs in China - Insider

Sep 13, 2021Sep. 13, 2021, 01:26 PM. The iron ore price fell again on Monday after China's steel-producing province Yunnan asked local mills to adjust production schedules while ensuring that its 2021 crude ...

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China iron ore, steel futures dip on demand concerns | Nasdaq

The most-traded January iron ore on China's Dalian Commodity Exchange DCIOcv1 ended morning trade 0.5% lower at 714.50 yuan ($101.98) a tonne. Rebar on the Shanghai Futures Exchange SRBcv1 slipped...

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WEEKLY: China iron ore prices down on soured sentiment

Spot prices of imported iron ore across China weakened over September 13-16 as market sentiment was dampened by some bearish macro-economic news and data releases, according to Mysteel's latest report. Supply and demand for iron ore remained largely steady, however.

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