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The combined company will be ideally positioned to providehigh-valueiron oreandsteelsolutions to customers primarily across North America. Mr. Goncalves stated: “We are excited to be able to deliver real value to the shareholders of both Cliffs and AKSteelthrough a …

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Iron ore’s costs in makingsteelin Europe have increased progressively in the past year and outpaced met coal costs further.Iron oreprices in Europe have seen support from contracts linked to China’s import spot fines prices, which have surged to $118/dry mt CFR China this week, even with lower contract pellet and lump premiums.

In the early days ofiron ore’s derivatives market development, SMX was one of the first exchanges to offer a futures contract, based on Metal Bulletin’s 62% Fe index in 2011. SGX also launched a low-gradeiron orecontract settled against Metal Bulletin’s 58% Fe Premium Index in 2015 to complement its established mid-grade offering.

Apr 26, 2016· China, which produces half the world’ssteel, is beginning to use more recycled cars and appliances to makenew steel, a method that is cheaper than usingiron orein coal-fired blast furnaces.

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Dec 03, 2019· Shares of Cleveland-Cliffs plunged 13% after theiron oreproducer said it would purchasesteelmanufacturer AKSteel. The move will create a vertically integratedsteelproducing operation, but ...

JFE Holdings Inc <5411.T> said on Friday it would cutsteelcapacity by 13% by shutting a blast furnace by March 2024 and predicted a record annuallossbecause demand has been hit by the U.S ...

Aug 19, 2020· The proposedsteelunit will be set up adjacent to the existing facility. The Korean steelmaker has been offered the land required to build the plant, in addition to uninterrupted supply ofiron ore. Once operational, the plant will producehigh-end steel…

For example, the daily, weekly and monthly indices are listed because of the varied liquidity displayed by different parts of the market. Sinter fines and lumps make up the bulk of the seaborneiron oremarket, and are the products most frequently traded on a spot basis, so daily pricing is used for the key 62% Fe, 58% Fe and 65% Fe fines, and lump premium references.

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Feb 21, 2020· Cleveland-Cliffs Inc., the Cleveland-based buyer of AKSteel, beat analysts' expectations on revenue but missed them on earnings. The producer ofiron orepellets posted $534.1 million in revenue ...

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Benchmark 62%iron ore’s spot price in China stood at a 12-monthhighof $116.50 a tonne on Wednesday, data from SteelHome consultancy showed. SH-CCN-IRNOR62 Constructionsteelrebar on the Shanghai Futures Exchange was up 1% by 0142 GMT.

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For these EAFs to be competing at thehigh endofsteelspecifications, they’ll needhigh-qualityiron orefeedstock, “exactly what we are getting set to supply from our Toledo plant.”