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According to just-published data from American Metal Market (AMM), April prime and obsolete scrap prices fell 5.0% and 5.3%. The main drivers of declines were…more
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Important points from recent company investor calls, including Rio Tinto, BlueScope Steel, Usiminas, BHP Billiton, Vallourec and TMS International include: …more
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Despite iron ore prices hitting multi-year highs, just-settled February scrap prices declined $10/ton for prime and $9/ton for obsolete, according to data from AMM…more
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January prices in Chicago for #1 busheling (prime) settled flat for the second straight month at $390/ton, while shredded was unchanged at $386/ton, we believe…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
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
The spot reference price for 62% Fe iron ore cfr North China declined for the second straight week, falling 2.8% to $115.60 for the week ending November 30, 2012, and is at the lowest level in six weeks. However, the price is still some 29.9% 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 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
