December 2017

China AM: Ferrous futures reverse losses

Ferrous futures in China largely edged up during morning trading on Thursday December 21, following days of decline during the early session that had weighed on the physical market.

NORTH AMERICAN MORNING BRIEF 20/12: Shanghai copper premiums down; PPS awards tenders; Ex-CME director joins Triland

The latest metal markets news and price moves to start the North American day on Wednesday December 20.

IRON ORE PRICES: Benchmark index slides below $73 per tonne cfr China

Iron ore prices continued to descend on Wednesday December 20 amid pressure from weakening steel prices in China.

Steelmaking Raw Materials Trade Log, December 20, 2017

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

Continual Chinese steel price drops weigh on seaborne iron ore market

The seaborne iron ore market was dampened by China’s weakening steel market on Wednesday December 20, with premiums for index-linked cargoes of the most-liquid Pilbara Blend fines dipping.

Brazilian president approves new iron ore royalty rate at 3.5% amid criticism

Brazilian president Michel Temer has approved a controversial bill to raise royalties on iron ore to 3.5% from a previous maximum of 2% despite criticism from the mining sector.

IRON ORE PRICES: Benchmark index slips below $74 per tonne

Iron ore prices were largely stable on Tuesday December 19 despite a weakening of steel prices in China.

Seaborne iron ore prices rangebound amid weakening Chinese steel market

The seaborne iron ore market was largely steady on Tuesday December 19 despite a weakening of China’s spot steel prices.

Steelmaking Raw Materials Trade Log, December 19, 2017

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

China AM: Ferrous futures weaken further

China’s ferrous futures fell during morning trading on Tuesday December 19 even as physical prices for steelmaking raw materials increase while several major mills announced higher list prices for their steel products in January.