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Iron ore price tops $200 amid further deterioration of China-Australia relations Worker repair mechanical parts in the production workshop in Tangshan city, Hebei Province, China (Stock Image) Iron ore prices jumped to a fresh high on Thursday after China “indefinitely” suspended all activity under a China-Australia Strategic Economic Dialogue, in the latest setback to the strained relations between Beijing and Canberra. Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) hit a new high on Thursday, changing hands for $201.88 a tonne, up 4.85% from the previous day, accor...

MONEYWEB app instead? As the biggest miners struggle to keep up with the frenzied pace of demand. By Annie Lee, Bloomberg 5 May 2021  11:31  Image: Simon Dawson/Bloomberg A surge in steel consumption as the world emerges from its pandemic-induced slump is set to drive iron ore to an unprecedented high as the biggest miners struggle to keep up with the frenzied pace of demand. Expectations are building that benchmark prices can get to $200 a ton — topping the record $194 hit more than a decade ago — as Chinese steelmakers ramp up production in defiance of government attempts to rein ...

Iron ore price surges as steel rally fires up demand Stock Image Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years. Expectations are building that benchmark prices can get to $200 a tonne — topping the record $194 hit more than a decade ago — as Chinese steelmakers ramp up production in defiance of government attempts to rein in output to control the industry’s carbon emissions. Sign Up for the Iron Ore Digest Sign Up

Iron ore slips as China cracks down on pollution Neil Hume Save Share A pollution crackdown in China’s rustbelt is starting to weigh on the price of iron ore, the steel-making ingredient that is the biggest generator of profits for leading miners. Iron ore was last year’s best-performing major commodity, rising 75 per cent to $US160 a tonne on the back of strong demand from its biggest customer, China, and supply disruptions in Australia and Brazil. China’s steel industry is under scrutiny as the country looks to stabilise carbon emissions.   Bloomberg That boosted profits a...

Dalian iron ore hits 4-week low on China emission curbs, supply outlook Dalian iron ore slumped to its lowest in four weeks on Wednesday, pummelled by stricter anti-pollution measures in China’s top steelmaking city of Tangshan and easing concerns about supply of the raw material. The most-traded May iron ore on the Dalian Commodity Exchange fell 6.1% to 1,031.50 yuan ($158.42) a tonne by 0330 GMT, after earlier plunging to its lowest since Feb. 8 at 1,022 yuan. It has fallen 13% from a peak of 1,185 yuan hit last week. On the Singapore Exchange, the front-month contract slipped 1.4% to $15...