December 2017

Steelmaking Raw Materials Trade Log, December 27, 2017

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

Steel market gains fail to boost iron ore prices

Iron ore prices remained weak on Wednesday December 27 amid thin trading despite gains in the Chinese steel market.

IN FIGURES: China's imports of steelmaking raw materials in November 2017

China's imports of steelmaking raw materials remained mixed in November, with those for iron ore and coking coal rising while inbound scrap shipments fell by almost a fifth from a year earlier.

China AM: Ferrous futures little changed amid weak steel market

China’s ferrous futures were largely rangebound during morning trading on Wednesday December 27 amid a weak physical steel market in the country.

China’s run-of-mine iron ore output flat in November

China’s run-of-mine (ROM) iron ore output was largely flat on the year in November, while the production rate continued to shrink on the month.

IRON ORE PRICES: Benchmark index stays at $76 per tonne cfr China

Iron ore prices dipped on Tuesday December 26 amid retreating Chinese steel prices, though they managed to stay just above $76 per tonne cfr China.

Seaborne iron ore prices retreat amid steel price drop

The seaborne iron ore fines market softened on Tuesday December 26 amid declining Chinese rebar prices.

Seaborne iron ore concentrate market maintains strength

Prices for seaborne iron ore concentrate remained strong last week alongside those for other high-grade iron ore in the market.

China AM: Steel futures down on weaker raw materials

China’s paper contracts for finished steel dropped during morning trading on Tuesday December 26 as market sentiment remained bearish on the back of falls in raw material prices.

China AM: Rebar, HRC futures down on billet price slump

China’s paper contracts for finished steel dropped during morning trading on Monday December 25 following the weakness in the billet market over the weekend.