Jul 05, 2017· "In the medium to long term, scrap is the real threat to iron ore, for sure," said Daniel Meng, an analyst at brokerage CLSA in Hong Kong. "We believe by 2020, replacement would become ...
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Some Chinese steel mills are responding to the strong domestic scrap price by switching back to using higher proportions of iron ore in the burden mix. An SP Global Platts analysis of the ...
Iron scrap is added to molten iron ore at ThyssenKrupp steel production in Duisburg, Germany, 02 March 2009. Pig iron is mixed with iron scrap and refined with oxygen to steel. From the steel, slabs are further proceeded to coils and thin sheets used in the car industry. Photo: Roland Weihrauch
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It is the product resulting from the smelting in the blast furnace of iron ore, coking coal and limestone. Pig iron is made by smelting iron ore into a transportable ingot of impure high carboncontent iron in a blast furnace as an ingredient for further processing steps.
This statistic shows the average monthly commodity price of iron ore from March 2018 to March 2019. In March 2019, iron ore was valued at approximately dollars per dry metric ton unit ...
The iron ore price is forecast to gradually decline to average US52 a tonne (FOB Australia) in 2019 and US51 a tonne in 2020, as a result of ... inventories as well as greater use of scrap, pellets and high grade iron ores, which displaced lower grade ores in steel making.
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