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Take care to sell your horse before he dies. The art of life is passing losses on.
Robert Frost

Steel  & Iron Ore

Steel Scrap (This is/was supposedly one of Alan Greenspans favorite indicators)
Iron Ore  
Notes & Links:

8/23/2020 Helenic Shipping: Spot 62% iron ore for delivery to north China, as assessed by commodity price reporting agency Argus, rose to a 6 1/2-year high of $128.20 a tonne on Wednesday. It is now up 62% from its low so far this year of $79.60 on March 23, and 41% from the end of last year.
8/23/2020 China buys more than two-thirds of the global seaborne trade in iron ore, making it the major commodity most exposed to the Chinese economy.
4/9/2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.
5/26/14 Fears of a mismatch between supply and demand and slowing industrial growth in China have had a significant impact on the value of iron ore.
Capesize rates rose to 21-month highs on Chinese iron ore demand that is estimated to grow 20% by 2015
5/30/11 (Bloomberg) Steel demand in China, the world’s biggest consumer, may rise by as much as a quarter by 2015 compared with demand last year, according to a projection from the China Iron & Steel Association, which represents producers.
5/17/11 Iron ore shipments from Australia's Port Hedland, one of the world's largest export terminals, fell to 15.88 million tonnes in April from 17.78 million tonnes in March
11/8/10 The longer than usual Indian monsoon, which usually ends by mid to late September, is reducing exports of iron ore.
10/13/10 China imported 460 million tons of iron ore, down 2.5% on year
8/20/10 (Business News Americas) South American crude steel production totaled 21.3Mt in the first half, an increase of 33.2% year-on-year, according to the latest figures from the World Steel Association. Production in June jumped 34.4% to 3.71Mt from 2.76Mt in the same month of 2009, the association said. Brazil, Latin America's largest crude steel producer, increased output 55% to 16.4Mt in H1, and 46.8% to 2.85Mt in June. North American production - which includes Mexico, Central America, Cuba and Trinidad & Tobago - rose 60.1% to 56.6Mt in the first half, while it showed a 55.2% increase to 9.87Mt in June. Global output soared 27.9% to 706Mt in H1 and 18% to 119Mt in June. China, the world's largest producer, increased output 21.1% to 323Mt in the first half and 9% to 53.8Mt in June. The capacity utilization ratio of the 66 countries reporting to worldsteel declined to 80.6% in June from 82% in May, but registered an increase of 8.3 percentage points compared to June 2009.
Hangzhou Iron & Steel Co., a major Chinese steelmaker, said Saturday its net profit in the first half of the year surged 596.33 % YoY
7/28/10 The London Metal Exchange on Wednesday merges its two regional steel futures contracts Mediterranean and Far East to create a global one, aiming to generate more business in Asia, where metals trading is on the rise.
7/8/10 (DJ) Depressed iron ore demand from Chinese steel mills has been pressuring shipping rates over the last month, with iron ore a key ingredient in steel production and the main product in dry bulk shipping. Chinese spot iron ore prices are near $US125 per tonne, a steep discount to the all-in cost of having it shipped from Australia, which is at $US155 per tonne.
3/30/10 (FT) Global miners have agreed to a record increase in iron ore prices after they signed deals to replace the 40-year-old pricing system based on annual contracts with new short-term deals linked to the spot market
3/29/10 Demand for steel around the world will rise 11 percent in 2010 as the global economy recovers, World Steel Association said.
10/22/09 U.S. steel exports rose 13.1% MoM