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Iron ore sinks below $50/dmt in early April as steel markets weaken further in Q2

April 28, 2015 (5:38)

Analyzing the price movements in coils, long products, steel scrap and iron ore through March and into April; iron ore fell below $50/mt, with oversupply remaining a concern.


News Headlines

Tariff cut could see India unleash 10 mil mt of lower-grade iron ore
Singapore (Platts)--4 May 2015 646 am EDT/1046 GMT
A decision by the Indian government to reduce the export duty on lower grade iron ore from 30% to 10% could potentially unleash some 10 million metric tons onto the seaborne market, sources said Monday, May 4.
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Podcasts

Demand patterns shift amid bleak outlook for iron ore prices
April 24, 2015
Platts steel editors look at the demand and supply factors dragging down iron ore prices in Asia as well as the impact of stricter environmental regulations in China.
Regional trends rule April steel scrap buy week in US
April 15, 2015
The US ferrous scrap buy week for April was very driven by regionally specific demand factors, from export markets to tight supply to aggressive buying from mini mills.
US steel scrap dealers see largest single-month price drop since 2008
February 20, 2015
The February ferrous scrap buy week in the US had an unexpectedly large price drop, and 2014 was the lowest level of US scrap exports since 2006.
Atlantic steel raw materials markets update
February 19, 2015
Platts Hector Forster provides an update on Atlantic metallurgical coal and iron ore pricing and procurement trends, along with current ferrous scrap pricing.
All Podcasts

Feature: Steel Raw Material Outlook

April 14, 2015
Recent trades in the Turkish scrap market pointed to sideways pricing April 10, although European material saw a slight uptick, sources said April 13.
Also in this feature
Atlantic met coal market sees high-vol interest
Atlantic coking coal markets Monday saw some interest around high-vol demand on spot and contract basis, as participants gauged pricing levels.
Moly prices hold but quiet market worries participants
Molybdenum prices were unchanged April 13 as the week started with no serious inquiries or indications of buying interest, sources said.

All News Features

Price Focus

Buying appetite in the Asia Pacific metallurgical coal market was lackluster on Nov 24 despite China's central bank cutting interest rates in a bid to boost the country's sluggish economy. Sentiment was weak, with many buyers cautious about their short-term procurement requirements. Most participants indicated they were not keen on taking December-loading cargoes as inventories were still high, though interest for January cargoes appeared better.

Steel Infographic

Platts steel team tasked our design and production department to take a wealth of steel raw materials data and transform those freshly mined (sic) numbers into something visually engaging. In this post we present you with the very interesting results. Derived from a variety of company sources and our own Steel Markets Daily and Steel Raw Materials Monthly publications, we’d like to hear your thoughts on the significance of the numbers for the global steel industry.


The Barrel Blog

April 16, 2015
What’s in a number? Quite a lot when it comes to Chinese GDP. Especially when it’s 7%, which was the real growth rate of the Chinese economy in the first quarter of 2015, compared to the first quarter of last year.
April 10, 2015
The outlook for China’s steel market during April remained at similar levels to March, underpinned by expectations of stronger construction activity during China’s warmer spring months.
March 17, 2015
Besides the star-power of these two commodities, why are they worth highlighting differently than the rest? Jodie Gunzberg explains the ratio of gold prices to oil prices and what lessons can be gleaned from it regarding the oil price collapse.
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Steel, Ferrous Scrap, Ferroalloys and Noble Alloys methodologyPublished December 2014

The Steel, Ferrous Scrap, Ferroalloys and Noble Alloys guide contains the primary specifications and methodologies for Platts Steel and Ferrous Scrap global catalogue of price assessments.






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