Price of reduced iron ore

[China Metallurgy News] In the context of loose supply, Iron ore Price Difficult to support at high position

As mentioned above, pig iron production in most regions of the world may decline in 2024, and the regions that can bring significant increases are mainly concentrated in India and Southeast Asia in 2024 reduction Total iron can bring Iron ore The demand increment is about 18 million tons, but if Iron ore Price If it remains above $100/ton, the annual Iron ore The supply increment is expected to reach 66 million tons, and the supply increment obviously exceeds the demand increment, Iron ore The supply is obviously stronger than the demand, and it is difficult for the ore price to operate permanently at a high level. The self-discipline of steel mills helps to improve the profit level.

Mysteel: Review and prospect of Iran's steel market in 2023

Price For example, the steel billet with the largest annual export volume was affected by the low inventory level at the beginning of the year Price Will continue to rise, square billet at the end of the first quarter Price It will reach the highest level of the year, and fall in the second quarter due to weak demand Price In terms of exports, which are dominated by narrow fluctuations, Iran's steel exports may fall in the first half of 2024 due to the impact of export tariffs, but for Iron ore , pellet and direct reduction Export of iron and other raw materials Price It will affect the expansion of limited capacity to promote domestic steel consumption, and steel exports may decline due to this impact. In Iran's plan, the national steel output will reach 55 million tons in 2025.

Mysteel interpretation: Iron ore How long can I carry it above $100

According to the statistics of iron and steel production capacity projects in various economies, and under the general trend of global economic recovery, it is expected that in 2024, there will be relatively significant blast furnaces in overseas countries, especially in Southeast Asia and India, and it is expected that pig iron outside China will be directly added to reduction The total iron output will have a relatively significant increase, which means that in the future, the cost curve of iron and steel output will need to add additional overseas blast furnaces and direct reduction Some revelations related to iron: Iron ore Price Like other bulk commodities, the rise and fall correspond to simple economic principles. The relative elasticity of demand and supply is Price The main reason for the fluctuation is that the changes in the total capacity and distribution structure of the upstream and downstream often correspond to a huge market change. Maybe the financial market has further amplified the volatility, and people do not have to rely on Kang Bo to get rich; Three characteristics of the steel industry lead to 2023 Iron ore Price It remained at a high level for a long time.

What are the challenges of low-carbon transformation of Shanxi's steel industry?

At the exchange meeting, in addition to focusing on the low-carbon transformation of Shanxi's steel industry, Liu Xiyuan, a senior analyst at Rocky Mountain Research Institute, also shared the ongoing transformation of the steel industry in Europe and the United States. She believed that carbon reduction could be achieved through recycled steel, near zero carbon metallurgical processes, carbon capture, carbon dioxide removal and other low-carbon technologies, The global steel industry can achieve net zero emissions by 2050. Taking the carbon border adjustment mechanism in Europe and the inflation act in the United States as examples, she pointed out that these policy incentives make different decarbonization technologies have Price Competitiveness Liu Xiyuan also proposed four key measures for carbon reduction in China's steel industry, namely, using green hydrogen (or carbon capture and storage) to reduction Iron ore Use clean energy for steelmaking, use scrap steel as much as possible, and make reasonable investment decisions for equipment transformation considering the future trend of long-term hydrogen energy and renewable resources.

China Iron ore Review of overseas equity mining projects

In view of the high phosphorus content (0.75% - 1%) in ore, CMH has developed a hydrogen based reduction Method of direct production reduction Iron dephosphorization technology Chinese overseas equity mines Chinese enterprises have long planned to acquire overseas Iron ore Assets to ensure that Iron ore From 2008 to 2012, many Chinese companies invested in overseas mining projects. The "Belt and Road" initiative provided new policy support for overseas mining investment. In addition, the collapse of the Vale tailings dam in 2019 and the COVID-19 epidemic since 2020 led to the global Iron ore Decrease in supply and Price rise, Iron ore Price In May 2021, it will soar to more than 230 US dollars/ton, which will prompt China to Iron ore Producers and investors began to actively seek overseas Iron ore Supply base.

Mysteel's interpretation: whether the proportion of steel mills remains unchanged under the background of long-term low profits

3、 In the future, the materials used by the steel plant will still be affected by the profits of the steel plant. Mysteel has been built since February 2022 Iron ore Variety based economic model (historical data to 2018), which mainly considers Iron ore The chemical indicators of different varieties lead to the consumption of mineral powder, fuel reduction The differences of agents and excipients, combined with Mysteel's own Price Index data, and finally calculate the model shown in the figure below.

Vale successfully tested new models Iron ore Briquette

new type Iron ore The briquette was developed by Vale for nearly 20 years and announced to be launched in 2021. The product adopts a adhesive technology solution Iron ore It is agglomerated at low temperature, and its final product has high mechanical strength. Compared with the traditional agglomerating process (pelletizing and sintering), it is new Iron ore Less pollutants and greenhouse gases emitted by briquette in production Iron ore The briquetting can replace the direct charging materials (sinter, lump ore and pellets) in the ironmaking reactor, and reduce the greenhouse gas emissions by 10%. The blast furnace converter route is the most widely used steel production route in the world reduction The route is often used in the Middle East, North America and other places with rich natural gas resources Price Steel mills in competitive areas.

Vale successfully tested new models Iron ore Briquette

new type Iron ore The briquette was developed by Vale for nearly 20 years and announced to be launched in 2021. The product adopts a adhesive technology solution Iron ore It is agglomerated at low temperature, and its final product has high mechanical strength. Compared with the traditional agglomerating process (pelletizing and sintering), it is new Iron ore Less pollutants and greenhouse gases emitted by briquette in production Iron ore The briquetting can replace the direct charging materials (sinter, lump ore and pellets) in the ironmaking reactor, and reduce the greenhouse gas emissions by 10%. The blast furnace converter route is the most widely used steel production route in the world reduction The route is often used in the Middle East, North America and other places with rich natural gas resources Price Steel mills in competitive areas.

Mysteel interpretation: Iron ore Economic Model Report by Variety (20230407)

Appendix 1: Forecast results show that we have calculated the forecast results of eight ore blending reports from December 2, 2022 to March 24, 2023, and recommended 46 varieties in total, comparing the recommended results with the actual situation of the next period Price The prediction is correct 39 times in total, and the recommended accuracy rate is 84.78% Appendix 2: Model Introduction Mysteel has been built since February this year Iron ore The economic model by variety (historical data up to 2018) is expected to provide some reference for steel mills to select commodity types for purchase and trade; This model mainly considers each Iron ore The chemical indicators of different varieties lead to the consumption of mineral powder, fuel reduction The differences of agents and excipients, combined with Mysteel's own Price Index data, and finally calculate the model shown in the above figure; At present, the model is still in the second stage. The economic situation of 22 major iron ore varieties (imported fine ore, imported lump ore, and mixed ore of high and low proportions) has been calculated, and it is calculated in three ways, namely, spot port, spot floating, and monthly average price. In the future, pellets and domestic sinter fines in more regions will be added.

Vale plans to build a giant hub in the Middle East to provide decarbonization solutions for the steel industry

Through this measure, Vale will ensure the supply of high-grade briquetting products and promote the steel industry to reduce carbon dioxide emissions Iron ore Sima Sheng, executive vice president of business, said that reduction Iron making process has huge growth potential. It is expected that the demand for high-grade briquette products in the marine market will increase by 100 million tons in the next 15 to 20 years. Vale will structurally increase the supply of high-value briquette products in the next few years to improve the value of its product portfolio. Vale firmly believes that the Middle East region will rely on competitive energy Price And strategic location, with unique conditions for successful development of these giant hubs.

Vale plans to build a giant hub in the Middle East to provide decarbonization solutions for the steel industry

Through this measure, Vale will ensure the supply of high-grade briquetting products and promote the steel industry to reduce carbon dioxide emissions Iron ore Sima Sheng, executive vice president of business, said that reduction Iron making process has huge growth potential. It is expected that the demand for high-grade briquette products in the marine market will increase by 100 million tons in the next 15 to 20 years. Vale will structurally increase the supply of high-value briquette products in the next few years to improve the value of its product portfolio. Vale firmly believes that the Middle East region will rely on competitive energy Price And strategic location, with unique conditions for successful development of these giant hubs.

December 30 Mysteel reduction lead Price

December 30, reduction lead Price Keep unchanged 2022 bulk commodity annual report is coming soon! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

December 29 Mysteel reduction lead Price

On December 29, reduction lead Price The 2022 bulk commodity annual report is coming out with a drop of 100-150 yuan/ton! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

December 28 Mysteel reduction lead Price

On December 28, reduction lead Price The annual report of 2022 bulk commodities is coming out soon, mainly for stability! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

December 27 Mysteel reduction lead Price

On December 27, reduction lead Price Keep unchanged 2022 bulk commodity annual report is coming soon! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

December 26 Mysteel reduction lead Price

On December 26, reduction lead Price Up 75-150 yuan/ton 2022 bulk commodity annual report is coming soon! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

December 23 Mysteel reduction lead Price

On December 23, reduction lead Price Up 50-75 yuan/ton, 2022 bulk commodity annual report is coming soon! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

Mysteel's afternoon review: lead prices continue to rise and regenerate Price Stability oriented

Enterprise A in Hunan market reduction Lead 14700 yuan/ton was delivered and sold for one or two hundred tons. The shipment was acceptable. Market sentiment and forecast: lead prices continued to rise, and the renewable lead market Price Weak to keep pace with the rise, low enthusiasm for inquiry at high prices in the downstream market, and light atmosphere for renewable trading. The midday transaction was flat. The lead ingot inventory has recently gone to the warehouse and then dropped to the low level, which has given some support to the lead price. Superimposed on the impact of lead ingot export, it is expected that the lead price will run 15500-16200 yuan/ton in the short term, to guard against the risk of falling back from the high level of lead price Price Query entry>>[Ganzhou market recycled refined lead Price 】Click here [Regenerated refined lead in Qingyuan market Price 】Click here [Baoding market recycled refined lead Price 】Click here [Recycling refined lead in Jiyuan market Price 】Click here [Shangrao Market Regenerated Refined Lead Price 】Click here [Yichun Market Regenerated Refined Lead Price 】Click here [Mysteel Regenerated Refined Lead Price 】Click here to publish the 2022 bulk commodity annual report soon! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

December 22 Mysteel reduction lead Price

On December 22, reduction lead Price Up 75-100 yuan/ton 2022 bulk commodity annual report is coming soon! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.

December 21 Mysteel reduction lead Price

On December 21, reduction lead Price The 2022 bulk commodity annual report of some markets with a price rise of 25-50 yuan/ton is coming soon! Welcome to read the fresh food! The report focuses on steel, coal coke Iron ore 9 kinds of new stainless steel materials, ferroalloys, scrap steel, non-ferrous metals, building materials, agricultural products, etc., created by more than 100 senior analysts of Shanghai Steel Union, in-depth analysis of more than 100 long-term data of subdivided industrial chains, including comprehensive interpretation of industry hot spots, macro policies, etc., covering Price Price difference, cost profit, capacity and output, inventory, resource flow, regional supply and demand balance, market competition pattern and other fundamental analysis...... Click the link to learn more: click to view.