July 2017

IRON ORE PRICES: Benchmark index closes in on $74 per tonne cfr China

Seaborne iron ore prices surged to almost $74 per tonne cfr China on Monday July 31 amid active trading in the paper market at much stronger levels.

Seaborne iron ore market gets boost from govt measures in China

Beijing’s strong resolve to wipe out the production of substandard steel as well as environmental inspections in Hebei province gave the seaborne iron market a boost on Monday July 31.

METALS MORNING VIEW 31/07: Strong start for the metals despite disappointing Chinese PMI

Base metals traded on the London Metal Exchange are looking stronger this morning, Monday July 31, with gains across the complex. Prices are up by an average of 0.6%; zinc leads the advance with a 1% rally to $2,813 per tonne, tin and copper follow with 0.7% gains, with the latter at $6,388 per tonne, it having once again been up as high as $6,400.

Little change in seaborne iron ore concentrate market

The seaborne iron ore concentrate market was mostly subdued last week, with prices remaining largely unchanged despite a slight increase in the index for 62% Fe fines.

China AM: Ferrous futures surge as steel PMI hits 14-month high

China’s ferrous futures rose sharply during morning trading on Monday July 31, after the release of statistics showing the country’s steel purchasing managers’ index (PMI) rising to a 14-month high.

STEEL WEEK IN BRIEF: Rising scrap prices, higher steel prices globally, Vale/ArcelorMittal Q2 earnings...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Shougang Hierro Perú's net profits up 3.6% in Q2

Net profits at Peruvian iron ore producer Shougang Hierro Perú increased by 3.60% year-on-year in the second quarter of 2017.

Usiminas Q2 earnings surge on steel performance, port deal

Brazilian iron ore producer Usiminas has reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of 750 million Reais ($238.30 million) in the second quarter of 2017 – its best result for the past 28 quarters.

IRON ORE PRICES: Benchmark index falls below $69 per tonne cfr China

Seaborne iron ore prices dipped below $69 per tonne cfr China on Friday July 28 despite active trading at Chinese ports ahead of the weekend.