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Aug 27, 2020· Sky-high iron ore prices on one side, steel production in many countries down markedly — and it is China's demand that is the lone factor keeping iron ore consumption going. For the month of June, global steel production year-on-year was tanking: India down 23.9% on the same month in 2019, Brazil and Germany declining 18%, Japan dropping 16 ...

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Sep 23, 2020· "The likelihood that iron ore prices will move sharply lower will largely depend on the trajectory of steel mill margins in China," he said. That makes sense, given that iron ore is the largest input for steel production, so the price point for the end product will affect input costs.

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Sep 15, 2020· China's insatiable demand for steel combined with a slow recovery in Brazilian supply after a series of outage events has lifted the price of iron ore to a six-year high of $130 a ton, but that ...

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Aug 21, 2020· Spot iron ore prices rose to around $130 a dry metric ton on Tuesday, according to commodity price reporting agency Argus. This is the highest level since 2014.

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