Research

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

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March 2018 | Steel Raw Materials


Optimism turns more cautious: Iron Ore Market Analysis


The average cost of pig iron production in 2017 soared to the highest levels seen in three years, according to the analysis from Metal Bulletin Research’s Steel Cost Service.

The upward momentum in iron ore prices continued for a fourth consecutive month and the fines benchmark climbed to an 11-month high in February. As the chart alongside shows, the average price for 62% Fe fines cfr Qingdao has been rising month on month since October last year. It rose by 2% from January and averaged at $77.35 per tonne in February. In fact, last month’s average price ranks quite high; the...

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