September 2016 | Steel Raw Materials
Spiralling coke costs prompt Chinese blast furnaces to consume higher grade ores: Latest Analysis
MBR anticipates that major iron ore benchmarks will continue to soften through the remainder of the year, owing to increasing pressure from lower steel prices and additional seaborne supplies of low cost iron ore, particularly from Australia, Brazil and India.
Spiralling coke costs have prompted some Chinese blast furnace iron producers to consume fewer volumes of lower grade iron ore to manage operational costs by reducing their coke consumption rates. For example, we have heard anecdotal evidence that demand for low grade Indian iron ore fines (Fe< 58%) was relatively weak compared with orders...
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