chinese iron ore refineries

Iron ore - Wikipedia

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. In 2011 the Financial Times has speculated that iron ore is "more integral to the global economy than any other commodity, except perhaps oil ".

Rio says reboot in Chinese iron ore production may lead to

A surge in iron ore to a 30-month high of $94.86 a tonne last month has prompted some Chinese producers to consider reopening mines shuttered years ago in a sector downturn. Strong steel prices in top consumer China had fuelled iron ore's rally and while the raw material has come off February's peak, it remained above $80 a tonne this week, up ...

Why iron ore has been out of bounds in China's trade war with

Wine, cheese, meat and barley have all been caught up in trade tensions between Beijing and Canberra, but China still accounts for 80 per cent of Australia's iron ore exports. For how much longer ...

China $570 billion stimulus raises hopes for copper, iron ore

Mar 11, 2020 · The Chinese import price of 62% Fe content is actually up more than 2% for the week, trading at $90.05 per dry metric tonne on Wednesday, according to Fastmarkets MB, wiping out the steelmaking ...

Iron Ore Is This Year’s Hottest Commodity on China-Fueled

Dec 10, 2020 · Benchmark spot prices were at $157.45, the highest since 2013 when strong Chinese growth saw a surge in iron ore demand, though still about $36 below the record reached in 2010. High-grade ore ...

Chinese Junk Could Sink The Profits Of Big Iron Ore Miners

Dec 02, 2020 · Potential Iron Ore Price Crash. Morgan Stanley’s view, which is perhaps the most gloomy of the investment banks, is that high-grade iron ore could plunge from its current price of $130 a ton to ...

Ports in China have enough iron ore to build 13,000 Eiffel

China’s domestic iron ore production jumped 15.3 percent in January-February as a price rally last year extended into 2017, causing imported ore to pile up at the ports of the world’s top buyer.

Chinese iron ore futures extend falls to third day as

* Iron ore prices hit a two-week low * Mills cap output, further denting demand for ore * Gloomy outlook on the raw material . SHANGHAI, Oct 27 (Reuters) - Chinese iron ore futures extended declines to hit a two-week low on Friday, poised for a weekly fall, as steelmakers in the world's top consumer of the steelmaking raw material curbed production.

Holiday maintenance plan at zinc refineries_SMM | Shanghai

2021/01/20 · Zinc prices continued to fall from a high level. The national comprehensive TCs for zinc concentrate dropped to 5,080 yuan/metal mt, and the CIF quotation of imported zinc concentrate decreased to $60-70/dry mt.

China 2020 iron ore imports hit record on robust post-virus

2021/01/14 · China’s iron ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to spur an economic recovery amid the coronavirus ...

China chastens BHP, Rio over ‘failed pricing’ on iron ore

2020/12/14 · Iron-ore futures surged 50% earlier this year even though Chinese ports were piled with iron ore. Iron ore was unloaded in December from a cargo ship at the Port of Rizhao, in eastern China’s ...

Could China replace Australian iron ore with metal from

Dec 02, 2020 · Thanks to iron ore, Australia is China’s sixth-biggest source of imports, Department of Foreign Affairs and Trade statistics show. But Australia buys just 1.9% of China’s exports, making it ...

Chinese firms speed up plans for Indonesian nickel refineries

Other Chinese firms would try to speed up building refineries because nickel pig iron with 4 percent metal could be produced easily and could be exported, the manager said. China is the world's...

Global refinery margins rise as freeze takes out Texas

Refinery margins around the world have risen as a prolonged bout of freezing weather hobbled refining capacity in Texas, with the biggest impact was seen in margins along the US Gulf Coast and in ...

Iron ore prices tumble again on concerns for Chinese demand

2019/03/11 · * Iron ore prices fell heavily for a second consecutive session on Monday. * Chinese iron ore futures, along with bulk commodity contracts, were also under pressure. Some put the weakness down to concern about the outlook for Chinese steel mill demand. * Chinese steel and bulk commodity futures pushed higher in overnight trade on Monday, pointing to a firmer start for physical markets on ...

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