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Iron ore price overhangs ferrous scrap market
Iron ore price overhangs ferrous scrap market The ferrous scrap metal sector within the UK continues to come under pressure as market demand for scrap weakens because of lower iron ore prices. And, there have been developments at the top two companies in the UK market EMR and Sims Metal Management this month.
Copper, iron ore prices hold up despite China trade shock
May 08, 2015China consumes more than 70% of the world's seaborne iron ore and it also holds a dominant position in the copper trade being responsible for some 45% of world trade in the commodity.
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Partly due to scale of manufacture, partly due to the cheap and simple method of extraction from the ore, partly due to the ease with which the adundant ore can be mined, partly due to the high
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STEEL WEEK IN BRIEF Iron ore prices below $60/t, scrap
Iron ore prices remained at $60 per tonne cfr China on Friday November 3, amid limited trading activity due to a correction in China's futures market, and after falling to $58.52 per tonne cfr on Tuesday.
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China steel mills cutting scrap use favors iron ore prices
"The iron ore price remains elevated, as China's steel makers consume less scrap," the analysts said. "Steel mills' profit margins have come down, and steel scrap is more expensive compared with the variable cost of producing hot metal in a blast furnace."
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China steel recycling seen as growing threat to iron ore
Feb 06, 2015Iron ore demand is going to be in decline from 2017 because scrap generation will be growing faster than demand, said Ian Roper, an analyst at CLSA, said at a conference in Beijing.
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Just recently, the price of iron ore jumped 19% in March 7, 2016. This is the highest one day jump in the price history of the metal. This is the highest one day jump in the price history of the metal.
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Iron ore price overhangs ferrous scrap market
Iron ore price overhangs ferrous scrap market. The ferrous scrap metal sector within the UK continues to come under pressure as market demand for scrap weakens because of lower iron ore prices. noting that prices for ferrous scrap are down 15% and iron ore down 25% during the second half of 2014.
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Iron ore prices slip as China's largest listed steelmaker
The benchmark iron ore spot price fell for a second consecutive session on Thursday, continuing to weaken after hitting a multi month high earlier in the week. or mini mills that use only
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Chinese iron ore and steelmaking prices June 20 2017 Overall iron ore market sees improvement and prices increase slightly compared with that of yesterday. Partial traders show strong intention to purchase cargos under rising scrap prices at the weekend and firm rebar futures.