Price History Iron ore. The price of this metal, like any other commodity, is largely dictated by the amount of supply and the level of demand. However, its prices can also be affected by speculation, especially when new markets emerge than affect the demand or if the supply of the ores is disrupted in some way.
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Read OnIron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, …
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Read OnSeaborne iron ore prices continued to weaken on Monday February 14, with most market participants staying on the sidelines while mills in north China were operating with sintering restrictions, sources told Fastmarkets. Key drivers. Demand from steel mills was weak due to previous high stock levels and ongoing sintering production cuts in north ...
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Read OnIron ore forward-month swap contracts on the Singapore Exchange increased on the day. By 5:59 pm Singapore time, the most-traded March contract was up by $7.59 per tonne compared with yesterday's settlement price of $145.61 per tonne. In the physical market, most steel mills were not in a hurry to buy... Email this article.
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