November 2014 | Steel Raw Materials
Higher steel output fails to materialise after APEC: Iron Ore Market Analysis
China’s average daily crude steel output from the medium-to-large-sized mills affiliated with China Iron and Steel Association (CISA) fell in early November, declined 1.8% in the first ten days of November to 1.635M tonnes from a revised 1.665M tonnes in the final eleven days of October.
Despite the cessation of short-term environmental curbs in northern China, MBR understands that many of the 120 Chinese steelmakers that hot-idled their blast furnaces have extended their production outages through until the end of last week. In fact, the associated uplift in domestic crude steel production and iron ore demand following the conclusion of the Asia-Pacific Economic Cooperation (APEC) forum on Wednesday 12th November has failed to materialise and has left some market participants uncertain on the direction of iron ore benchmarks. As a result, Metal Bulletins...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as its published.
Subscribe