Research

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

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May 2019 | Steel Raw Materials


April prices hit 5-year highs but downward price corrections to follow: Iron Ore Market Analysis


As mills are facing reduced operating margins, they are seeking to feed their blast furnaces with less costly material such as lower Fe-grade fines.

In April, Fastmarkets’ MBIOI62 index soared to the highest level we have seen since July 2014 as it averaged $93.70 per tonne. This is up 43.4% year on year and 8.8% above the average level for March. Prices first spiked in February as a result of the dam disaster in Brazil, and in March prices stabilized before rising again last month due to supply disruptions in Australia following cyclone Veronica. Iron ore prices were sustained at high levels last week as Chinese steel producers...

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