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Yet, despite these high inventory levels, iron ore prices remain above our $40/mt target for April; in short, we believe this dynamic is a byproduct of both: (a) stellar margins for steel mills earlier this year, pushing them to prefer higher-grade iron ore in the face of higher coking coal prices, and (b) the aforementioned preference for ...

Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".

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A combination of firming Chinese export steel prices and softer import iron ore pushed up indicative China steel ... China steel mill spreads make strong pre ...

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History of the Iron Ore Trade. ... A ton of iron ore is moved a thousand miles on the Great Lakes for seven-tenths of a mill per mile; a ton of iron ore is carried ...

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Citi is the latest bank to take aim at iron ore, forecasting prices will fall below $50 a tonne by the end of the year as it downgraded Fortescue Metals Group (FMG.AU ...

Dec 04, 2017· Watch video· Iron ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills ...

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