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Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin remained near $220 per tonne at the beginning of July, close to a record high of $232 reached on May 12th on declining stockpiles and concerns over supply. The stockpiles of imported iron ore at Chinese ports declined for four consecutive weeks to 123.95 Mt as of Jun 25, 2021, the lowest level in eight months.
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May 12, 2021 But once production capacity recovers sometime in 2022 and scrap becomes more readily available, Mattos expects iron ore prices to decline toward marginal production costs of
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May 04, 2021 Global iron ore production is set to recover by 5.1% in 2021 as output bounces back following the impacts of the Covid-19 pandemic last year. According to data and analytics firm GlobalData, the industry’s production of the mineral, which is key to the manufacturing of steel,fell by 3% to 2.2 billion tonnes (Bt) in 2020.
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Analysts not convinced the iron ore price run has legs
May 12, 2021 But once production capacity recovers sometime in 2022 and scrap becomes more readily available, Mattos expects iron ore prices to decline toward marginal production costs of
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May 04, 2021 Global iron ore production is set to recover by 5.1% in 2021 as output bounces back following the impacts of the Covid-19 pandemic last year. According to data and analytics firm GlobalData, the industry’s production of the mineral, which is key to the manufacturing of steel,fell by 3% to 2.2 billion tonnes (Bt) in 2020.
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Iron ore extends rally to $US237, Bank of America lifts
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