Research

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

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August 2015 | Steel Raw Materials


Lean inventories and steady purchases provide support for Chinese iron ore import b/mark: Latest Analysis


Despite the recent devaluation of the Chinese yuan making seaborne iron ore imports RMB10/t ($1.6/t) more costly, MBR estimates this will only provide limited upside for domestic iron ore producers.

Relatively low iron ore inventories at major Chinese ports and local mills have provided modest support to seaborne iron ore import prices over the past week. MBR believes the small, but steady, purchasing activity by Chinese steelmakers has kept Metal Bulletin’s 62% Iron Ore...

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