Nov 2015 - Oct 2020: 57.057 (184.35 %) Chart. Goa govt blinks first, shows willingness to auction iron ore mines Hindustan Times 09:16 Shell to supply LNG to BHP iron ore vessels Trade Arabia 07:23 Phanar Legal and Sylla & Partners Advise State of Guinea on $14bn Project to Develop the… That news, in addition to continuing strong steel demand in China and optimism that demand elsewhere will rebound in 2021, helped underpin another rise in the spot price of iron ore. Mining. ... Fortescue shares hit $20 as iron ore price soars. Fines/Lumps. Mining. If iron ore prices fall below that and keep falling this is bad news. Subscribe to us and stay updated on current happenings of Steel and Iron Ore commodity. On 6 November, the benchmark iron ore 62% Fe import price including freight and insurance at the Chinese port of Tianjin traded at USD 118.5 per metric ton (mt), which was 1.7% lower than on the same day in September. Traders in China said the move would not hurt demand for Australian iron ore in China but it would lower the price of the steelmaking commodity. At the same time, shrinking steel inventories at mills in China created additional pressure on prices. The price of one of Australia's biggest exports to China, iron ore, has hit a seven-year high amidst growing tensions between the two nations.. Range. HRC. Traders told TOI the rates of iron ore range from Rs4,500 to 6,000 a tonne, while steel products range from Rs35,000 to Rs40,000 a tonne. Kumba Iron Ore sees 2020 production at low end of forecast [12-04] Changyang New Shougang restarts high-phosphorus iron ore processing [12-03] Vale's iron ore sales to China account for nearly 70% of global sales in Q1-Q3 [12-03] Vale sees 2021 iron ore output of 315-335 million tons [12-03] 6m 1y 5y 10y 15y 20y. date: 12/10/2020 location: Virtual Event ... Macquarie's FY22 iron ore price forecast is up 26% to $86.25/t, leading to higher earnings upgrades of 33% for BHP, 76% for FMG, 76% for Mount Gibson, and 112% for MinRes, while Rio's CY22 earnings rise 46% and Champion's rise 119%. Unit: Indian Rupee per Dry Metric Ton. MMi Daily Iron Ore Report (December 4) As of November 4, iron ore inventories across 35 ports tracked by SMM totalled 118.03 million mt, a decrease of 1.05 million mt from the previous week and an increase of 4.53 million mt year-on-year. Bulk Buys: Iron ore is now up nearly 50pc in 12 months – but a price drop … Welcome to the Trading Day blog for Thursday, December 3. @theCoalFace. in Commodity News 19/05/2020. Australian shares start Monday on a high, as iron ore price continues to surge – ABC News. Meanwhile, Chinese-owned iron ore miner CITIC Pacific Mining has also placed staff who had visited China since January 17 into isolation for a 14-day period. Pricing for 62%, 63%, 65% iron ore grades and iron ore pricing index. Coverage includes global price data, market news, short and long-term forecasts on iron ore prices. December 7, 2020. Australian iron ore producers are basking in nine-year high prices, with the commodity set to continue at these peaks throughout December, according to Reuters. Australians shares have started the week on a high, as iron ore prices hit an almost eight-year record. Australians shares start the week on a high, as iron ore prices hit an almost eight-year record, while e-commerce retailer Kogan is slapped with another fine for… Published. Currency: Compare to: Source: Thomson Reuters Datastream, World Bank. Both companies have seen their share prices rise strongly on the strength of the iron ore price with BHP up 57% to $28.50 since dropping to a pandemic-related low of $18.10 in mid-March. Iron ore futures in China fell as much as 3.5 per cent on the news on Friday. Share to Facebook; Twitter; LinkedIn; Bookmark Save articles for future reference. SteelMint is leading Research Company based in India that specializes in Steel and Iron Ore Prices and Industry News. Iron ore prices fell heavily for a second session on Tuesday, dragged lower by weakness in Chinese steel futures and reduced concern over the outlook for Brazilian supply. Today after the commodity‘s price rose 3 per cent to a seven-year high, news... In the iron ore powerhouse, with Brazil a close second nov 2015 Oct! 2020 December 4, 2020 | Mike Cooper 31 % y-o-y in Nov\'20- Govt data miners were today. On current happenings of steel and iron ore demand over robust steel across! Dry metric ton on Tuesday, according to commodity price reporting agency Argus happenings of steel and ore! Is cashed up and ready to buy December 4, 2020 | Mike Cooper beginning 2008. 65 % iron ore pricing index % y-o-y in Nov\'20- Govt data of steel iron. 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