The benchmark July iron ore on the Singapore Exchange climbed 3.8% to $107 a ton as of 0819 GMT. Near-term demand for the key steelmaking ingredient remains solid, partly because iron ore is more ...

transport and freight rates of iron ore. IRON ORE PRODUCTION Iron ore is mined in about 50 countries, but sevenaccount for about 75 % of the total world production, namely China, Australia, Brazil, India, Russia, South Africa and Ukraine. Theworld's iron ore exportsare dominated by Australia and Brazil (see below).

Iron ore shipments to China from the world's biggest iron ore port totaled 37.4 million tonnes in September, up from August's 35.5 million metric tons, according to the Pilbara Ports Authority.

The benchmark January iron ore on the Singapore Exchange rose 0.37% to $105.5 a ton, as of 0730 GMT, the highest level since Nov. 8. Hopes of more fiscal stimulus from the …

Despite negative steel production margins, Chinese steel mills ran high operation rates for blast furnaces, which supported iron ore demand. Total crude steel output from January to September was at 795 million mt, up 1.7% year on year, according to …

The first month of 2024 saw iron ore kick-off to a strong start, mainly due to increasing prices and substantial imports by China. Looking at iron ore futures, many investors were optimistic that ...

route increased from $2,672/TEU to $8,102/TEU. There was also a surge in rates from China to the Arab . region. Box 3.1 provides further information on the impact of COVID-19 on maritime freight in the Arab region. Box 3.1 Impact of COVID-19 on maritime freight rates in the Arab region

China's iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year …

According to Banchero Costa, "demand has been again rebounding in China and the Middle East. Iron ore imports into China increased by +3.7% y-o-y in Jan-Sep 2024 to 926.5 mln tonnes.

A ccording to BIMCO, during the start of the year, Brazilian iron ore shipments typically slow down due to mining disruptions caused by heavy rainfall. However, this year conditions were better and Vale, a leading miner, increased output by 6% y/y, boosting shipments from Brazil. In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation …

China's iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected …

Despite challenges in the housing market, iron ore imports into China continue to rise. Sectors like automotive and construction continue to drive steel production, thus fueling demand.

The world's biggest iron ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand …

China's iron ore and pellet imports touched 104.1 million tonnes (mnt) in September 2024, according to the General Administration of Customs. For the world's largest iron ore consumer and importer, September imports marked a 3% increase y-o-y from the 101.18 mnt registered in the corresponding period last year amid improved liquidity and increased buying …

China accounted for 57% of global iron ore demand in 2022. Demand is expected to decrease as the country aims to reach peak steel output by 2030 in an effort to reduce carbon emissions.

For now, China's solid iron ore story seems built on the fundamental of rising inventories, and the sentiment that steel demand will recover in the next few months as the world's second-biggest ...

Iron Ore Trades – Brazil, north-western Australia and South Africa are among the major producers of iron ore that is moved in Capesize ships to China, Japan, Korea, Europe and numerous other industrialised countries that produce significant amounts of steel. From 2001 to 2008, a surge in Chinese steel production brought a wave of iron ore imports that demanded …

We estimate that iron ore shipments will grow by 1-2% in both 2024 and 2025, in line with our previous forecast. They will benefit from a 1.9% increase in global steel demand in 2024, as estimated by the World Steel Association. In China, steel demand could stagnate in 2024 and recover in 2025 if significant improvements

China is on track to import record volumes of iron ore in October, increasing the divergence between the demand for the steel raw material and the still weak output of the finished product.

The stunning figures come after Australian exporters made $35.4 billion sales in April, the fourth-highest result on record. China's demand for iron ore, a vital steelmaking commodity, from ...

China's iron ore imports dropped in 2021, down 4.3% from the previous year's record annual high, as steel production curbs imposed to combat pollution dented demand and pulled prices of the key ...

Work has reportedly already begun preparing the ground for a 575km section of the new line linking the Gâra-Djebilet mine in the country's west with the northwestern industrial centre of Bechar ...

Australia is the world's largest exporter of iron ore. It contributed about $136 billion to national revenue in 2023. Federal Treasurer Jim Chalmers has warned of a $12 billion hole in the ...

According to the shipbroker, "demand has been poor everywhere except in Mainland China. Iron ore imports into Japan declined by -5.4% y-o-y in Jan-Dec 2023 to 94.9 mln t.

China's iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps...

Dry bulk shipping industry is feeling the impact of a continuing decrease in Chinese imports of iron ore as the country's crude steel production keeps growing, according to BIMCO. Chinese steel …

But many participants raised doubts on whether it could achieve the target on time. China produced 72.07-million tons of iron ore concentrate in the first three months of 2024, a 4% rise from last ...

China's import of iron ore saw an accumulated growth rate of 9.5% during the first quarter compared to the same period of 2016. In 2016, China's total seaborne iron ore imports achieved a ...

Iron ore futures held in a tight range on Thursday as investors reassessed near-term demand prospects in top consumer China amid expectations of steel mills ramping up production despite lingering concerns about the property sector.The most-traded May iron ore contract on China's Dalian Commodity E…

The world's biggest iron-ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand-sapping property crisis.