Iron ore and scrap prices in 2025: in search of parity

Therefore, in the future, iron ore and scrap prices will try to reach a certain parity that will allow different players to remain in the market. Courtesy : https://gmk.center/en/news/ Steel News. Glencore's steelmaking coal output up 165% y/y on the back of Elk Valley acquisition.

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The threat of sanctions impacts Black Sea pig iron trade

Black Sea pig iron trade The rise in scrap, iron ore and hot rolled coil prices amid a notable demand absence from end-users, specifically in the EU and Turkey, has impacted overall demand for pig iron. Reports regarding potential EU measures on …

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CRU: US Pig Iron Prices Diverge From Prime Scrap Tags

However, prices have found stability despite declines in prices of prime grades of scrap. In the CIS, pig iron prices increased $39 per metric ton to $355 per ton FOB Black Sea. Local mills continue to favor crude steel production, causing merchant pig iron output and export volumes to decline in July and August.

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Pig Iron Analyses and Pig Iron Scrap & Raw Materials …

Products ▪ Scrap ▪ Iron ore ▪ Billet-Slab ▪ Rebar ▪ Wire rod ▪ ... Brazilian suppliers seek higher pig iron prices, yet to be reflected in deals. ... Ex-Brazil BPI prices stable amid slow trading and bearish mood but high costs. 15 Nov.

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Global steel, raw material prices dip in Jan'25. Will bearish …

Iron ore prices fall as mills complete winter restocking Waning export prospects pressure Turkish ... raw material prices dip in Jan'25. Will bearish trends prevail in Feb?... Finish Flat. By ... Turkish rebar edged down by 1.2% m-o-m to a 15-month low of $567/t from $574/t, while Black Sea billets were largely steady at $443/t compared to $445 ...

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Global steel, raw material prices dip in Jan'25. Will bearish …

Iron ore prices fall as mills complete winter restocking: Iron ore prices declined in January, as (1) mills finalised winter restocking ahead of the Lunar New Year, (2) low hot metal production and squeezed steel margins limited demand, and (3) the depreciation of the Chinese yuan drove up RMB tags.

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Iron ore and scrap prices in 2025: in search of parity

In the long term, given the good supply of iron ore and the decline in steel production in China, prices will gradually decline – next year we expect the average iron ore price to reach $95/t, which is quite acceptable for most iron ore companies. Scrap could compete with iron ore to some extent, but the current price ratio between iron ore ...

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Pig iron,DRI,HBI,Iron ore,Scrap buy & sale

Pig iron,DRI,HBI,Iron ore,Scrap buy & sale.

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China coking coal, coke shortages, steel restrictions support scrap prices

Ferrous scrap prices may be seeing increasing support from demand in China to decarbonize, improve air emissions, and restrict steel output growth, as tight supplies of coking coal, met coke and energ

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Black Sea pig iron export prices follow scrap, ore lower

Black Sea basic pig iron export prices followed scrap and iron ore lower this week, with Platts assessment sliding 5 from last week to 382/mt FOB. Explorar S&P Global S&P Global; S&P Dow Jones Indices; S&P Global Market Intelligence; S&P Global Mobility; S&P Global Commodity Insights ...

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Viewpoint: China scrap demand to dent pig iron

China played an outsize role in the seaborne pig iron market in 2020 and is on track to import more BPI than the US for the first time since 2009. This trading activity allowed sellers in the Black Sea and Brazil to play against weak US …

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Global steel, raw material prices dip in Jan'25. Will bearish …

In the raw materials segment, Fe62% iron ore fines, CFR China, dipped by 2.9% m-o-m to $101/t in January against $104/t. Premium hard coking coal (HCC) from Australia, CFR …

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Indian pig iron prices drop 2% in Feb'23, outlook bullish

Domestic pig iron prices dipped by around INR 1,000/tonne or 2% m-o-m in February 2023, reveals data maintained with SteelMint. Average monthly prices of steel grade pig iron in February ruled at ...

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Steel, scrap and raw material spreads volatile amid iron ore…

Black Sea pig iron export prices to Turkey HMS scrap increased to a 1.10:1 ratio on Sep. 17, from a 1.07:1 ratio on Sept. 10, with both pig iron and scrap prices relatively weak compared with August's averages. In the US, import pig iron prices held at a 0.89:1 price ratio to MW No. 1 busheling scrap on Sept. 17 after weakening in early ...

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Analysis: Ferrous scrap prices weaken to iron ore as …

Ferrous scrap has decoupled from stronger iron ore prices so far in 2021, as low coking coal costs and strong steel demand in China and elsewhere support iron ore consumption at blast furnaces. Ferrous scrap prices weaken relative to iron ore as correlation breaks down, shifting in market dynamics and pricing relationships in the metals sector.

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Steel, scrap and raw material spreads volatile amid iron ore's …

The new spreads and ratios – underpinned by existing Platts assessments in hot-rolled coil steel, pig iron, ferrous scrap, iron ore, primary aluminum and scrap from the US, …

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2021 PREVIEW: Will US, China continue to compete for pig iron?

"There has been an increase in electric-arc furnace (EAF) steel production in China, but I think what's really happening in China [strong demand on pig iron] is more fundamentally related to iron ore price [indicator of pig iron purchases cost effectiveness] and scrap [complementary to pig iron raw material in steel melting] availability ...

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Black Sea pig iron prices dip on bearish iron ore/scrap …

Black and Azov sea pig iron prices have taken a slight dip on the back of the bearish sentiment in the iron ore and scrap markets and the risks created by the unsettled …

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Black Sea pig iron prices, trade slump

The Black Sea pig iron market has been quiet between the 1 and 9 May holiday period in Russia, with buyers adopting a wait-and-see attitude amid falling scrap prices and a stronger rouble, …

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Pig Iron / Black Sea FOB USD/t

07/03/2024 Russian pig iron remains under pressure from scrap; 28/02/2024 Russian iron producers avoid offering amid falling scrap; 31/01/2024 Russia's pig iron prices hold steady; 29/11/2023 Russian pig iron trade halts amid potential sanctions; 22/11/2023 Sanction concerns pause Black Sea pig iron trade

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Black Sea pig iron prices, trade slump

The Black Sea pig iron market has been quiet between the 1 and 9 May holiday period in Russia, with buyers adopting a wait-and-see attitude amid falling scrap prices and a stronger rouble, sources tell Kallanish. Kallanish assessed Russia-origin pig iron at $380-405/tonne fob Black Sea, compared to a week earlier when it was at $390-410/t fob.

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A tendency of lower prices on the global pig iron …

Pig iron prices in ports of Black Sea (Black sea export) for the period September 22-29, 2023, as Kallanish data evidenced, remained unchanged compared to the previous week – at the level of $350-360/t FOB. …

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CIS PIG IRON: Market stable on uncertain price trend

Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $625-635 per tonne on Thursday, widening downward from $630-635 per tonne on June 2. The latest sales from CIS to the United States were reported at $665 per tonne cfr, or close to $630-635 per tonne fob, sources said.

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Viewpoint: US pig iron demand to rise on EAF growth

Pig iron prices were supported throughout much of 2021 on higher prices for raw materials and scrap alternatives. Iron ore, the main raw material cost for pig iron, surged over the middle part of the year amid wider margins and stronger demand in China. The seaborne trade for iron ore hit historic highs in May with prices for 62pc fines cfr ...

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Sanction concerns pause Black Sea pig iron trade

The rise in scrap, iron ore and hot rolled coil prices amid a notable demand absence from end-users, specifically in the EU and Turkey, has impacted overall demand for pig iron, market …

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Steel scrap price supporting iron ore demand for DRI

Iron ore and pellet markets may see demand support from the stability in seaborne ferrous scrap prices this month, incentivizing scrap substitute direct reduction iron and pig iron, according to S&P G

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2020 PREVIEW: Five factors the CIS pig iron export market will face

"China will continue to buy pig iron [in 2020], if the price for iron ore is higher than $70-80 per tonne and the pig iron price is more or less the same." In the fourth quarter of 2019, when China was actively purchasing pig iron, the average of the index for iron ore 62% Fe fines, cfr Qingdao, was $88.97 per tonne.

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India ferrous scrap prices comparatively weak to iron ore, as …

Global ferrous scrap prices, including in India, remain comparatively weak to iron ore, as the London Metal Exchange launches India scrap futures, allowing increased risk management with iron ore, scr

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Ex-Black Sea BPI prices unchanged as both supply and

Prices for ex-Black Sea basic pig iron (BPI) have remained stable this week with a lack of activity seen in the market and lower demand in the Far ...

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Black Sea pig iron prices surge as coal, iron ore rally

Having been at parity, there are now signs pig iron is starting to tentatively rebuild its premium over coking coal. The momentum in pig iron prices is expected to continue in coming weeks if suppliers return to the market with new offers. Some sources reported pig iron availability around $300-305/mt FOB Black Sea/Sea of Azov.

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Russian pig iron prices fell in August

Demand for Russian pig iron remained weak in August ahead of the holiday season for producers in Europe. The average price for pig iron in August from Black Sea exporters fell by $18/t.

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Black Sea pig iron prices move sideways

26 Dec Iron ore slumps as futures trading resumes ... 24 Dec Turkish scrap falls on latest deal 23 Dec US raw steel production increases on-week, decreases on-year 23 Dec US continues rebar AD order on 7 nations ... Black Sea pig iron prices move sideways.

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CRU: US Pig Iron Prices Diverge From Prime Scrap …

In the CIS, pig iron prices increased $39 per metric ton to $355 per ton FOB Black Sea. Local mills continue to favor crude steel production, causing merchant pig iron output and export volumes to decline in July and …

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Rising scrap boosts Black Sea pig iron values

Rising scrap prices boost Black sea pig iron export values, reports Kallanish. ... 29 Nov Iron ore holds steady in November amid fluctuations ... 18:04 Rising scrap boosts Black Sea pig iron values. This article contains premium data It is only available for active subscribers and clients currently on trial. To continue reading, see the options ...

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Pig iron prices in Black Sea ports fell by 3.7% in …

Pig iron prices in Black Sea ports for the period from July 5 to August 2, 2024, decreased by 3.7% – to $395-405/t FOB. In July, raw material prices were mostly stable, and the main adjustments took place at the end of …

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