Research

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

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November 2015 | Steel Raw Materials


Concentrate prices fall as Chinese mills use more fines: Iron Ore Market Analysis


MBR estimates falling iron ore fines benchmarks has prompted most domestic mills to modestly reduce the charge of less cost-competitive concentrate/pellet in favour of relatively cheaper iron ore fines into the blast furnace.

MBR understands that Chinese banks have begun cutting credit lines for some of China’s most unprofitable steelmakers. This has prompted some mills, in very few cases, to idle operations, while others have “managed” their cashflows by maintaining relatively lean inventories and operating a just-in-time strategy to the consumption of steel making raw materials. Indeed, MBR believes those Chinese steelmakers with tighter credit lines and reduced cash flows have been reluctant to replenish iron ore inventories. In...

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