01st
April 2021

Steel prices in China surge to record highs

Backed by a strong demand in the country and abroad, the prices of rebar and hot-rolled coil in China witnessed an all-time high. China is the world's biggest steel producer and this increase in price is helping maintain the high level of profitability being enjoyed by the mill owners in China.

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28th
April 2021

Indian steel industry equipped to deal with oxygen diversion

Sources within the industry have said that the steel production in the country will not be affected even though industrial use oxygen is being diverted to hospitals for saving lives as a priority. The statement holds relevance in the context of the COVID-19 pandemic raging in the country and with various integrated steel plants contributing to the liquid medical oxygen in the country.

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25th
April 2021

Iron ore bigwigs struggle to keep pace with Chinese rising steel demand

The iron ore prices are still high in the first quarter of 2021 as world's top iron ore miners are struggling to keep pace with the strong Chinese demand even after being hit by various challenges - operational and weather.

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21st
April 2021

Surge in Indian iron ore exports; data shows record highs in a month

Data analysis by Braemar ACM data shows that Indian iron ore exports being transported by sea witnessed a 47% jump in March to reach 6.6mn tonnes. This is the highest monthly total on record. Of these, cargoes to be delivered to China stands at 5.1mn tonnes This figure is also the highest in terms of the monthly record. The increases are being witnessed as China continues to diversify the sources of its raw materials and agricultural products.

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04th
April 2021

High demand by Chinese steel futures spikes iron ore prices

Strong demand by China for iron ore has spiked the prices of the raw material. This is despite the Chinese government announcing production cuts in the country. Fastmarkets MB that always gives reliable data on commodities revealed that a benchmark of 62% iron ore fines imported to the northern part of China saw trade at $173.63 a tonne - an increase of 1.59% from the last trade.

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2nd
April 2021

Export index for Indian low grade fines see a new high

Iron ore prices reached a new high as buying interest for medium grade iron ore fines remained strong amid tight supply. The new high marks a record boost in nine years for the global index. This has also given a solid boost to the Indian export index of low grades fines

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2nd
March 2021

Demand for export of Indian low grade iron fines surges

Reduced coke prices have led to an upsurge in the demand for low grade iron ore fines. Reports show this trend has been witnessed mostly for super special fines and Fortes-cue blended iron ore fines. These Indian fines have witnessed a surge in both seaborne and port-side markets since February this year.

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