Research

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

Change font size:   

March 2016 | Steel Raw Materials


Mills raise output in response to higher steel prices: Iron Ore Market Analysis


Firm Chinese purchasing activity over the past seven weeks has resulted in a marked increase in local steel producers’ iron ore inventories.

Robust Chinese mill iron ore consumption, driven by higher steel output, has provided firm support to major seaborne iron ore benchmarks over the past week. Despite more stringent rhetoric on supply-side reforms from the central government after China’s 12th National People’s Congress, MBR has heard anecdotal evidence that some opportunistic local steel producers raised output in response to the most recent domestic finished steel price hikes. In fact, Steel First’s eastern Chinese rebar and hot rolled coil prices have climbed 21.4% (RMB395/t) and 26.5% (RMB540/t)...

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 it’s published.

Subscribe


Already subscribed?