The spread between prices for 65% Fe iron ore and 62% Fe products will likely remain wide in the near term due to tight supply of high-grade Carajas fines, market sources told Fastmarkets this week.
Key drivers
Prices for iron ore concentrate surged on strong demand and gains recorded for 65% Fe iron ore swaps, sources said.
A trading source in Singapore said that cargoes of iron ore concentrate, which are typically priced against 65% Fe indices, were mostly flipping from carrying discounts to premiums.
Demand for high-grade iron ore is high now while supply is limited, which push up prices further, he added.
A buyer source in southern China concurred, saying restrictions to lower emission in the Tangshan region - the country’s steelmaking hub - boosted demand for concentrate, which is advantageous in that it has a high Fe content and low impurities.
Iron Ore Pellets Market Size 2020, Share, Regional Analysis, Key Players and Key Figures Reviewed in Latest Research Report 2027 by Reports and Data
Iron Ore Pellets Market Size – USD 63.89 Billion in 2019, Growth - CAGR of 5.5%, Trends – High demand from Steel Industry.
This press release was orginally distributed by SBWire
New York, NY (SBWIRE) 12/22/2020 The iron ore pellets market is set to attain a valuation of USD 94.76 billion by 2027, registering a CAGR of 5.5%, according to the latest report by Reports and Data. The global iron ore pellets market is expected to witness significant growth due to the rapid increase in demand for steel in the construction industries. The applications of iron ore pellets are widespread in several industries including steel production, and iron-based chemical industries.
americans. you shifted the argument. we re talking you and i are talking about tariffsrom china. we can talk about the distinction between components. steel and aluminum tariffs are a totally different issue. we put steel and aluminum tariffs on because we have to have steel and aluminum industries in this country. the president took a bold decision to do that. and those tariffs have been tremendously successful in reducing steel and aluminum. i m saying that washing machine prices have gone up $86. americans. in and your point is that is what? that that so we have steel mills blocked so hang on hang on erin we have steel mills blossoms in marion hoed toledo ohio. the me sabi iron range is humming. i was in duluth watching the iron ore pellets put on ships going to steel mills.