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IRON ORE PRICES HIT A 16-MONTH HIGH, STILL RISING

  NEGOTIATOR’S TAKE: China’s economic growth is once again pushing up metal prices.   If you had been asleep for the last month, woke up this morning and picked up a paper you could be forgiven for thinking you had

STEEL PRICES MOVE UP: COLD-ROLLED vs. HOT-ROLLED SPREAD INCREASES

  NEGOTIATOR’S TAKE: Cold-rolled Steel prices continue to move up – read why.   03.23.16 – Weaker U.S. dollar; higher oil prices Steel prices have been rising since February and, at the same time, we witnessed a broad recovery among industrial

FERROUS SUPPLY CHAIN REELING AMID UNPRECEDENTED PRICE HIKES IN STEEL, IRON ORE

  NEGOTIATOR’S TAKE: The surge in Chinese steel prices is bound to put pressure on steel prices globally.   03.07.16 – Precipitous climb in prices The ferrous supply chain reeled March 7 amid a precipitous and unprecedented climb in steel

IRON ORE PRICES DROP AGAIN

IRON ORE exports from Port Hedland, Australia – the world’s largest iron ore port – hit a record high in June 2015 as global prices continue to fall. NEGOTIATOR’S TAKE: More downward pressure on steel prices, especially in China. Figures

Iron ore global glut deepens

Iron ore with 62 percent content at the Chinese port of Qingdao dropped 0.7 percent to $87.70 a dry ton today, the lowest since October 2009, according to data compiled by Metal Bulletin Ltd. The raw material fell for a

China to import 842 Mt of iron ore in 2014

Despite the slowdown in its steel industry, China is consolidating its position as the leading importer of iron ore and relies on Australia for half of its purchases. The Chinese steel industry will produce 799Mt of crude steel products in 2014,

Record low for Shanghai rebar, Iron ore price slumps

The most-traded rebar contract for May delivery on the Shanghai Futures Exchange touched a session low of 3,446 yuan ($570) a tonne, within striking distance of a record trough of 3,441 yuan reached on Jan. 10. It closed 0.4 percent

Baltic dry index stable around 2,000

In spite of the delivery of new bulk carriers ordered during the shipping golden age, dry shippers bulk freight rates are rising due to Chinese iron ore purchases. The shipowners are back on the bulk carriers spot market to meet

Baltic dry index up 50% in 4 weeks

The Baltic Dry Index, a benchmark of commodity shipping rates, jumped 9.3 percent to 1,478 on Monday, the biggest gain since June 2009, according to the Baltic Exchange, the London-based publisher of freight rates on more than 50 trade routes.

Iron ore giants “race to the bottom” despite fear of supply glut

Iron ore giants are digging more for less to tighten their stranglehold on the world’s second-biggest commodity market, as competitors struggle. By doing so, they appear to defy logic, with demand for the steel-making raw material cooling in top customer China