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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2011 | Steel Raw Materials


Chinese domestic demand for iron ore to stay high ahead of Chinese New Year: Iron Ore Highlights


Hebei and Shanghang mills announced that they will increase the list price of their flat products in February.

Prices for domestic iron ore in China in the first week of the year stood at Rmb1,262/tonne ($190/tonne) EXW for concentrates and Rmb1,335/tonne ($201/tonne) EXW for pellets, largely stable over the quotes at the end of the year. In the coming month, steelmakers will keep buying to secure stocks before the Chinese New Year festivities, further supporting prices.
Higher prices for finished steel make pricey iron ore affordable

Hebei and Shanghang mills announced that they will increase the list price of their flat products in February. Additionally, the price for longs also improved as Middle Eastern demand picked up after New Year. Higher finished steel prices will allow steelmakers to pass on the cost of the recent raw materials appreciation, making it sustainable for steelmakers...

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