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Iron ore China mill margins recover in Dec; scrap-hot metal spread flips into premium Fastmarkets'' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.
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Vale (NYSE: VALE) +1.9%, BHP +1.7% and Rio Tinto (NYSE: RIO) +0.9% pre-market after iron ore futures in Singapore jumped nearly 10% on optimism over restocking by China''s steel mills. Commodity
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Other than recent prevalent lossmaking among China''s 71 electric-arc-furnace (EAF) steel mills under Mysteel''s survey, Chinese New Year (CNY) celebration has been another factor for these steel producers to slow down their production paces, and the latter has been a pattern repeated in the past four years without fail, though the seasonal lull was longer than usual in 2020 because of the COVID
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Jan. 18, 2022, 12:04 PM. The iron ore price recovered from losses on Tuesday even as consumption by the construction sector remained weak in China, with mills cutting production ahead of holidays
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WhatsAppGet PriceGet A QuoteOther than recent prevalent lossmaking among China''s 71 electric-arc-furnace (EAF) steel mills under Mysteel''s survey, Chinese New Year (CNY) celebration has been another factor for these steel producers to slow down their production paces, and the latter has been a pattern repeated in the past four years without fail, though the seasonal lull was longer than usual in 2020 because of the COVID
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Iron ore has had a wild year as a first-half demand boom was quashed by China’s squeeze on real estate finances that drove a fall in construction activity, as well as a government push to curb pollution and emissions. Steel output slid to the lowest since 2017 in October, and Singapore futures plumbed an 18-month low earlier in November.
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