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UPDATE 1 China iron ore futures fall on easing steel

Is the steel spread going to rise in 2021?Is the steel spread going to rise in 2021?Despite stronger-than-expected raw material prices, we expect steel spread on benchmark HRC prices to rise substantially by 17% y-o-y in 2021 on the back of aggressive steel price hikes. To read the full report click the download link below.Steel - DBS UPDATE 1-China hot rolled coils, rebar fall on easing UPDATE 1 China iron ore futures fall on easing steel

May 19, 2021BEIJING, May 19 (Reuters) - Chinese hot rolled coils and rebar futures fell more than 5% on Wednesday as concerns over steel output cuts eased and

Why does China want to reduce crude steel output?Why does China want to reduce crude steel output?The decelerated growth stems from the governments call to reduce crude steel output in 2021. Under the 14 th Five-Year Plan (FYP), China expects to increase the proportion of electric arc furnace (EAF) steel output to 20% from the current 10.4% and increase steel scrap use to improve carbon efficiency in the steel sector.Steel - DBS Why is the price of steel so high in China?Why is the price of steel so high in China?Other cause of the soaring steel price is the high price of imported iron ore, which is monopolized by some global suppliers including the Anglo-Australian mining company Rio Tinto Group. Chinese officials have also moved to curb surging iron ore prices, including diversifying supply sources.Steel prices fall in China after govt efforts to curb UPDATE 1 China iron ore futures fall on easing steel

Bad weather may cost Rio Tinto its iron ore crown - News

Jul 16, 2021The miner said it now expects to ship near the lower end of its range of 325 million tonnes and 340 million tonnes in 2021, meaning it may hand back its crown as the worlds biggest iron ore producer to Vale. Vale, which reports output later this month, said is UPDATE 1 China iron ore futures fall on easing steel China exchanges move to cool iron ore, steel price rally - CNAMay 10, 2021BEIJING -China's commodity exchanges on Monday moved to raise trading limits and margin requirements for some iron ore contracts and reinstated fees on steel futures as

China hot rolled coils, rebar fall on easing worries over UPDATE 1 China iron ore futures fall on easing steel

May 19, 2021BEIJING, May 19 (Reuters) - Chinese hot rolled coils and rebar futures fell more than 4% on Wednesday as concerns over steel output cuts eased and China iron ore futures fall on increasing supply from UPDATE 1 China iron ore futures fall on easing steel Jun 16, 2021The most actively traded iron ore futures on the Dalian Commodity Exchange DCIOcv1, for September delivery, fell 1.5% to 1,198 yuan ($187.26) per tonne at close. Demand for the

China iron ore futures set for 4th week of losses on steel UPDATE 1 China iron ore futures fall on easing steel

Jul 09, 2021The most-actively traded iron ore futures on the Dalian Commodity Exchange, for September delivery, fell 2.8% to 1,174 yuan ($181.05) per tonne as of 0330 GMT. They are set to fall 0.7% this week. Spot prices of iron ore with 62% iron content for delivery to China was unchanged at $219 per tonne on Thursday, according to SteelHome consultancy.China iron ore imports rise in May, but supply crunch remainsJun 10, 2019China's iron ore imports rebounded in May from an 18-month-low in April, but were still well down on the same month last year as disruptions to

China steel futures log weekly gains as demand improves UPDATE 1 China iron ore futures fall on easing steel

Apr 30, 2021China steel futures log weekly gains as demand improves. BEIJING, April 30 (Reuters) - Chinese steel rebar and hot-rolled coils futures delivered weekly gains as consumption and demand for the industrial products improved, despite a slight easing on the day as China steel, iron ore futures fall sharply as demand UPDATE 1 China iron ore futures fall on easing steel * Iron ore imports seen to ease slightly at 1.068 bln T this year (Updates with closing prices) SHANGHAI, Jan 31 (Reuters) - Chinese steel futures fell further on Wednesday as snowy weather hit demand in the world's top producer. Heavy snow in the country has hit construction activity, which accounts for significant steel consumption.

China steel, iron ore futures fall sharply over waning UPDATE 1 China iron ore futures fall on easing steel

Mar 05, 2021China steel, iron ore futures fall sharply The most-traded May contract for iron ore, a key steelmaking ingredient, on the Dalian Commodity Exchange slumped 2.8% to 1,133.50 yuan ($175.11) a tonne UPDATE 1 China iron ore futures fall on easing steel China stimulus pushes iron ore futures to a recordJun 16, 2019China stimulus pushes iron ore futures to a record. Dalian iron ore futures surged to a record on Friday and posted their biggest weekly gain since

China's iron ore, steel futures slip on tepid demand

Apr 23, 2019The most traded September 2019 iron ore contract on the Dalian Commodity Exchange inched down 0.6 percent to 629 yuan ($93.70) a tonne, slipping five sessions in six.China's steelmakers say iron ore import prices are too highJul 07, 2019Iron ore futures, which hit a five-year high last week, fell almost 4 per cent late Friday after a top official representing Chinas powerful steel industry said Beijing was preparing to UPDATE 1 China iron ore futures fall on easing steel

China, Singapore iron ore futures rebound on stimulus UPDATE 1 China iron ore futures fall on easing steel

Mar 13, 2020Iron ore's most-active May contract on China's Dalian Commodity Exchange ended up 2.9% at 676.50 yuan ($96.77) a tonne, rebounding from a 2.3% slump in morning trade. On the Singapore Exchange, the steelmaking raw material's front-month April contract was 1.5% higher in afternoon trade, recovering from a 2.2% fall earlier in the session.China, Singapore iron ore futures slip on easing supply UPDATE 1 China iron ore futures fall on easing steel Sep 09, 2019Benchmark spot 62% iron ore for delivery to China, SH-CCN-IRNOR62 stood at $91 a tonne on Friday, according to data tracked by SteelHome consultancy. The most-active construction steel rebar contract on the Shanghai Futures Exchange rose as much as 1.3% to 3,463 yuan a tonne.

China, Singapore iron ore futures slip on easing supply UPDATE 1 China iron ore futures fall on easing steel

Sep 09, 2019On the Singapore Exchange, the front-month October contract dropped as much as 1.1% to $85.04 a tonne. China's iron ore imports rebounded 21% Chinas Steps Turn Iron Into Worlds Most Volatile CommodityJun 18, 2021Chinas Steps Turn Iron Into Worlds Most Volatile Commodity. (Bloomberg) -- Iron ore, one of the hottest commodities in the early days of the raw materials rally, has now become the most UPDATE 1 China iron ore futures fall on easing steel

Chinas moves turn iron ore into worlds most volatile UPDATE 1 China iron ore futures fall on easing steel

Jun 18, 2021Posted on June 18, 2021 by IAC Desk in Metals. Iron ore, one of the hottest commodities in the early days of the raw materials rally, has now become the most volatile as bulls and bears joust over the trajectory of prices. In a series of wild swings, the ore that fuels Chinas vast steel industry surged to a record, collapsed into a bear UPDATE 1 China iron ore futures fall on easing steel Dalian iron ore extends fall as China steel demand dims UPDATE 1 China iron ore futures fall on easing steel Jun 08, 2021June 8 (Reuters) - 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

Dalian iron ore extends fall as China steel demand dims UPDATE 1 China iron ore futures fall on easing steel

Stainless steel SHSScv1 dropped 1.5%. Other steelmaking ingredients held ground, with Dalian coking coal edging up 0.2% and coke advancing 0.5%. Spot iron ore in China dropped to $203 a tonne on UPDATE 1 China iron ore futures fall on easing steel Dalian iron ore price falls for third session as China UPDATE 1 China iron ore futures fall on easing steel Jun 07, 2021Stainless steel dropped 1.4%. Other steelmaking ingredients also weakened, with Dalian coking coal down 1.3% while coke slipped 0.5%. Spot iron ore for delivery to China

Dependence on Australian iron ore set to decline Capital UPDATE 1 China iron ore futures fall on easing steel

May 26, 2021In the short-run, China has no choice but to grit its teeth and keep buying Australian iron ore, even as bilateral ties continue to fray. But this dependence will diminish over time thanks to increased supply from other sources, greater use of recycled steel and a structural decline in Chinese steel demand. It may be feasible for China to cut off Australian iron ore shipments by the middle of UPDATE 1 China iron ore futures fall on easing steel Estimated Reading Time 2 minsUPDATE 1-China iron ore futures fall on increasing supply UPDATE 1 China iron ore futures fall on easing steel Jun 16, 2021(Adds details and updates with closing prices) BEIJING, June 16 (Reuters) - Chinese iron ore futures fell on Wednesday, on rising shipments from major suppliers, and

Ferrous Breaking News Mysteel Global

Jul 12, 2021Over January-June, China's finished steel exports grew 30.2% on year to 37.4 million tonnes, while imports were almost flat on year, up merely 0.1% on year to 7.35 million tonnes, according to the release by the country's General Administration of Customs on July 13. A detailed report will be. FLASH CHINA'S IRON ORE IMPORTS UP 2.6% IN H1 10:36Iron ore futures fall over 3% on China demand concerns UPDATE 1 China iron ore futures fall on easing steel Jun 29, 2021June 29 (Reuters) - Iron ore futures dropped more than 3% on Tuesday, weighed down by easing steel demand in China due to unfavourable weather and threats of

Iron ore price down on China steel output curbs -

Jul 02, 2021The most-traded September iron ore contract on Chinas Dalian Commodity Exchange was 0.8% higher at 1,182.50 yuan ($182.41) a tonne by 0700 GMT, after earlier falling by up to 2.6%.Metals Rally Falters With China Cracking Down on Steel UPDATE 1 China iron ore futures fall on easing steel May 14, 2021Iron ore futures plunged as much as 11% in Singapore and steel rebar slid as Chinese officials rolled out fresh measures for steelmakers to take

People also askWhy is the price of iron ore going up?Why is the price of iron ore going up?We also raised our iron ore (62%, CIF China) price forecasts by 32% to US$120/tonne in 2021 due to (i) strong demand from resilient crude steel production in China, and (ii) concerns on supply disruptions and lower volume from Vale.Steel - DBSSome results are removed in response to a notice of local law requirement. For more information, please see here.

Steel - DBS Bank

Supply from China to increase minimally in 2021 thanks to change in government policy. Chinas crude steel output is expected to grow slightly by 1% y-o-y to 1.06bn tonnes in 2021, after growing by 5.7% y-o-y to 1.05bn tonnes in 2020. The decelerated growth stems from the governments call to reduce crude steel output in 2021.Steel Smashes Records as China Intensifies Emissions Apr 29, 2021Steel Smashes Records as China Intensifies Emissions Crackdown. (Bloomberg) -- Chinas steel futures hit fresh records as the government added to a sweep of measures aimed at reining in output and emissions in the worlds top producer. Iron ore was steady. (Bloomberg) -- Chinas steel futures hit fresh records as the government added to a UPDATE 1 China iron ore futures fall on easing steel

Steel smashes records as China intensifies emissions UPDATE 1 China iron ore futures fall on easing steel

Apr 29, 2021China churns out more than half the worlds steel. Rebar closed 1.8% higher to 5,452 yuan a ton on the Shanghai Futures Exchange, marking its best-ever close. Hot-rolled coil rose 1.7% to close at the highest level since trading began in 2014. Steel has become an early target in Chinas push to lower emissions and reach net-zero carbon by 2060.UPDATE 1-China iron ore futures fall on easing steel UPDATE 1 China iron ore futures fall on easing steel Jul 24, 2020BEIJING, July 24 (Reuters) - China iron ore futures dropped as much as 3.6% on Friday, falling for a second straight session, as demand

UPDATE 1-China's steel fall for third session on weak UPDATE 1 China iron ore futures fall on easing steel

Sep 18, 2017UPDATE 1-China's steel fall for third session on weak demand. BEIJING, Sept 18 (Reuters) - China's steel rebar futures fell for a third straight session on Monday, dragging raw materials down, on continued worries about waning demand amid environmental inspections. "Steel market is under pressure despite the outlook of tight supply during the UPDATE 1 China iron ore futures fall on easing steel UPDATE 1-Chinese steel futures fall as demand weakens By UPDATE 1 China iron ore futures fall on easing steel Dec 25, 2017Iron ore for delivery to China's Qingdao port .IO62-CNO=MB gained nearly 5 percent to $76.36 a tonne on Friday, according to Metal Bulletin. ($1 = 6.5458 Chinese yuan) UPDATE 1-Chinese steel futures fall as demand weakens

UPDATE 1-Dalian ferrous raw materials dive on demand

Jul 08, 2021(Updates with closing prices) BEIJING, July 8 (Reuters) - Chinese coking coal and coke futures fell to a one-month low on Thursday and iron ore prices tumbled as much as 3.6% as steel UPDATE 1-Iron ore leaps on easing China liquidity concerns UPDATE 1 China iron ore futures fall on easing steel Feb 9 (Reuters) - Iron ore futures extended gains on Tuesday as concerns over tight market liquidity in China eased, with prices further bolstered by a positive demand outlook for the steelmaking UPDATE 1 China iron ore futures fall on easing steel

steel China steel futures fall as rising output outweighs UPDATE 1 China iron ore futures fall on easing steel

China steel futures fall as rising output outweighs destocking pace. Hot-rolled coil, used in the manufacturing sector, slipped 0.5% to 3,177 yuan a tonne. While steel products held by traders in UPDATE 1 China iron ore futures fall on easing steel

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