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Jinnan Iron & Steel Group is the latest company to join the push to expand China’s steelmaking footprint in the Middle East and is working with Brazil’s Vale to establish an iron ore concentration plant at the Sohar Port and Freezone in Oman, Fastmarkets understands.
Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.
There are more signs emerging of the green steel evolution in Asia, even as steelmakers seek to differentiate themselves with green certifications to edge ahead of competitors, market sources have told Fastmarkets.
Iron ore spot 67.5% Fe magnetite-hematite pellet feed price differential, cfr Qingdao, $/tonne
Iron ore 65% Fe concentrate premium, cfr Qingdao, $/tonne
Iron ore 67.5% Fe pellet feed premium, cfr Qingdao, $/tonne
Iron ore 67.5% Fe pellet feed, cfr Qingdao, $/tonne
Iron ore DR-grade pellet premium indicator, $/tonne
Pig iron, import, cfr China, $/tonne
Iron ore pellet premium over 65% Fe fines, cfr China, $/tonne
Iron ore 62% Fe low-alumina fines, cfr Qingdao, $/tonne
Pig iron foundry grade, Brazil, fob New Orleans, $/tonne
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