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Our Advance/Decliner Index slipped from last week’s 9-month high, while our China Index stayed strong – though down slightly from last week- as Chinese mills increased…more
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The spot reference price for 62% Fe iron ore cfr North China Increased 4.7% to $135.40 for the week ending December 21, 2012, reaching a six-month high. The price is now some 56.2% higher than the recent low of $86.70 on 9/5/2012.
The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.
The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.
Source: The Steel Index
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Our Advance/Decliner Index jumped to the highest level since March due to further producer price hikes in the US and Chinese markets. Our China Index jumped to a …more
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The spot reference price for 62% Fe iron ore cfr North China increased 6.9% to $129.30 for the week ending December 14, 2012 and was up again today, reaching a new five month high of $132.20. The price is now some 52.5% higher than the recent low of $86.70 on 9/5/2012.
The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.
The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.
Source: The Steel Index
The spot reference price for 62% Fe iron ore cfr North China Increased 4.7% to $121.00 for the week ending December 7, 2012 and has continued to climb this week, reaching a five month high of $126.40 on December 13. The price is now some 45.8% higher than the recent low of $86.70 on 9/5/2012.
The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.
The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.
Source: The Steel Index
New Report Preview:
AK Steel announced a $30/ton sheet price increase today on the heels of Nucor’s leading $20/ton hike yesterday. The higher price is most probably reflective of a surge in orders …more
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New Report Preview:
Our Advance/Decliner Index fell from last week’s levels, driven by our China Index which fell for the fifth straight week as still buoyant production levels – averaging 1.95 mtpd …more
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New Report Preview:
After posting four consecutive increases, our Advance/Decliner Index declined from an eight-month high, but remained at elevated levels. The drop was driven by our …more
For a copy of our full report and a free trial subscription, please contact us.
The spot reference price for 62% Fe iron ore cfr North China declined for the first time since late September, falling 3.2% to $118.90 for the week ending November 23, 2012, and is at the lowest level in five weeks. However, the price is still some 33.6% higher than the recent low of $89.00 on 9/7/2012.
The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.
The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.
Source: The Steel Index
The spot reference price for 62% Fe iron ore cfr North China rose for the sixth consecutive week, gaining 0.6% to $122.80 for the week ending November 16, 2012, and is now 38.0% higher than the recent low of $89.00 on 9/7/2012.
The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.
The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.
Source: The Steel Index
