Iron Ore Steel Q4 Outlook: Iron ore to stay strong

Melbourne Iron ore prices are expected to remain relatively strong in the OctoberDecember quarter despite demand falling on the back of reduced crude steel production, according to the latest SP Global Platts quarterly Iron Ore Steel Outlook released Sept. 16.

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Steel mill Wikipedia

A steel mill or steelworks is an industrial plant for the manufacture of steel.It may be an integrated steel works carrying out all steps of steelmaking from smelting iron ore to rolled product, but may also describe plants where steel semifinished casting products are made from molten pig iron or from scrap

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Europe steel mills face new high for iron ore costs

Despite low steel demand, iron ore relative costs to metallurgical coal in European steel making have exceeded the last peak in July 2019, according to SP Global Platts analysis. Iron ore prices in Europe have seen support from contracts linked to China's import spot fines prices, which have surged to $118/dry mt CFR China this week, even with lower contract pellet and lump premiums.

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China's steel mills mull altering sinter feed blend as

SP Global Platts assessed the medium grade 62% Fe Iron Ore Index at a sixyear high Aug. 18, up $5.70/dmt day on day at $127.60/dry mt CFR North China. A surge in iron ore prices over the past month on the back of tight supply for medium grade fines has narrowed the spread to high grade iron ore cargoes.

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