Last Update: 06/12/2010 11:00:32
Imported iron ore quotations in Hebei market hold stable and traders are generally upbeat on market outlook. The spot iron ore resources in Hebei major ports are mainly Australian ones, low quality Indian fines and also other varieties like Iran fines. Steel mills are considering importing cheaper cargoes from small countries. Big traders have raised quotations this week, yet this does not echoed by local steel mills, as transactions do not grow compared with last week. However, traders are still in a bullish mood, attributed to soaring billet price, firm domestic iron ores and steel production recovery this week.
world - OECD: Steel trade cases filed in 2013 the most since 1999 World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 Russia - Evraz output grows marginally, despite stoppages China - Chinese analysts divided on outlook for 2014 STEELWORLD - Indo – Arab Steel Summit / 3rd March, 2014 / Sheraton Deira Hotel, Dubai China - China pledges to 'gradually ease' its steel overcapacity Turkey - Offer from SteelOrbis EU - Irepas talks up long product prospects for 2014 Qatar - Qatar tops ranking of steel use per person
China - Hebei imported iron ore market in bullish mode