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Iron ore cost-effective for steel mills as price diverges

Some Chinese steel mills are responding to the strong domestic scrap price by switching back to using higher proportions of iron ore in the burden mix An S&P Global Platts analysis of the relationship between iron ore and scrap prices shows that there has been a significant divergence for the first.

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So how is the current iron ore price worked out? From April miners moved their steel mill clients on to shorter index-linked contracts Initially based on quarterly prices, China now buys its iron ore based on monthly average pric.

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ASIA IRON ORE: Spot prices climb on stronger mill

ASIA IRON ORE: Spot prices climb on stronger mill demand

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Chinese steel mills win domestic iron ore pricing in some contracts Ruby Lian, Josephine Mason 4 Min Read SHANGHAI (Reuters)

Seaborne iron ore prices picked up on Tuesday June 27 as steel mills looked to build stocks , Welcome to Metal Bulletin now incorporating Steel First.

Iron ore cost-effective for steel mills as price diverges

Some Chinese steel mills are responding to the strong domestic scrap price by switching back to using higher proportions of iron ore in the burden mix An S&P Global Platts analysis of the relationship between iron ore and scrap prices shows that there has been a significant divergence for the first.

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Iron ore price charts for June 13, : Tianjin benchmark fell 15 cents to $ Paper is running on the spot Steel is strong again Output for late-May at CISA mills pulled back to a slightly less astonishing 195mt per day.