Iron ore price plunges on China’s move to cut steel production

Mining News Pro - Chinese iron ore price fell for a fourth consecutive session, down more than 7% to its lowest level in nearly three weeks, on prospects of more imports of the steelmaking ingredient and as demand eased on the government’s decision to cut production.

Iron ore price edges higher on clouded China demand outlook

Mining News Pro - Iron ore prices rose on Wednesday, pressured by concerns about demand prospects for the steelmaking raw material in top steel producer China.

Iron ore price up on China’s export growth

Mining News Pro - Iron ore prices were up on Tuesday after China’s June trade data was released.

Iron ore price up despite high China ferrous scrap imports

Mining News Pro - Iron ore prices continued surging on Monday, propelled by recovering global steel demand.

Iron ore price down on China steel output curbs

Mining News Pro - Benchmark Dalian iron ore is headed for its second consecutive weekly fall on Friday as China steps up efforts to curb output to meet its carbon emissions goal.

Iron ore price up as China port stocks hit over 8-month low

Mining News Pro - Iron ore prices rose on Monday supported by a decline in portside stockpiles in China.

Iron ore price up as Western Australia calls for reset on China ties

Mining News Pro - Australia’s biggest exporting state on Tuesday urged Canberra to stop antagonizing China, the country’s top trade partner.

Iron ore price correction delayed as global steel demand tops 2bn tonnes for first time ever

Mining News Pro - Iron ore prices climbed again on Friday to nearly $220 a tonne and back to within shouting distance of all time highs hit last month.

Dalian iron ore price falls for third session as China steel prices slump

Mining News Pro - Benchmark Dalian iron ore futures fell for a third straight session on Tuesday as a slide in steel prices in China spurred by signs of slowing demand dragged down the raw material.

Fundamentals to drive iron ore price back to $140 by end of 2021

Mining News Pro - Iron ore price could drop back to around $140 per tonne by end-2021, and $120 per tonne by end-2022 as the market shifts into a surplus, according to Capital Economics latest report.

Iron ore price retreats as steel slides and BHP shifts into gear at South Flank

Mining News Pro - Iron ore prices halted a two-day rebound as Chinese steel prices extended declines amid further government curbs and BHP prepares to start operations at its South Flank mine.

Iron ore price eclipses $US230/tonne

The price of seaborne iron ore has jumped to a record $US230.56 ($294.52) per tonne, just after it surpassed the $US200 per tonne mark.

Iron ore price breaks $US200/tonne

Iron ore prices have hit another record mark, surpassing $US200 ($259) per tonne to outdo last month’s historic high.

Iron ore price hits record high fuelled by structural supply shortage

Mining News Pro - Iron ore prices jumped to a fresh high on Monday, fuelled by structural supply shortage.

Iron ore price hits 10-year high on rising steel demand

Mining News Pro - Iron ore prices continued to climb on Friday despite concerns over environmental restrictions in China.

Iron ore price jumps on big spread between spot cargoes and futures

Mining News Pro - Iron ore futures rose as much as 4% on Thursday on a big spread between spot cargoes and futures and demand for the steelmaking ingredient strengthened.

Iron ore price dives on China pollution crackdown

Mining News Pro - Iron ore prices fell on Friday as moves in China to restrict steel mills’ highly-polluting operations and reduce production capacity weighed on sentiment.

Iron ore price bounces back on strong demand and shipment doubts

Mining News Pro - Iron ore prices bounced back on Monday after a slight decline on Friday, as demand remains strong in China’s steel sector and doubts have been raised about Brazilian shipments.

Iron ore price surges on Vale’s 2021 production outlook

Mining News Pro - Iron ore prices jumped on Thursday after Vale reported 4Q20 output of 84.5 million tonnes, a 5% decline from the third quarter (88.6 million tonnes).

Iron ore prices resurface after dive

Mining News Pro - The price of Australian iron ore fines has moved back above $US150 ($US196.31) per dry metric tonne after sharp falls in recent weeks.

Iron ore price in full retreat as Chinese steel starts to pile up

Mining News Pro - Iron ore prices fell back on Tuesday after data showed five straight weeks of lower production by Chinese steel mills, which forge more crude steel than the rest of the world combined.

Mount Gibson benefits from strong iron ore prices

Mining News Pro - Mount Gibson has sold 2.3 million tonnes of iron ore in the first half of the 2021 financial year ahead of entering a new phase of operations at the Koolan Island mine in Western Australia.

Australian iron ore prices rise in China

Mining News Pro - Prices for Australia’s high-grade iron ore fines have increased this week after data on China’s steel output in 2020 was revealed.

Iron ore price turns higher again after record China imports

Mining News Pro - Iron ore prices climbed back up to near decade highs on Thursday after customs data showed record-breaking imports by China, which forges more steel than the rest of the world combined.

Iron ore prices to ease

Mining News Pro - Iron ore prices have climbed to more than $US165 ($215) in the new year but analysts are anticipating that the highs will not extend throughout 2021.

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