9,312.13 TRY BIST 100 BIST 100
38.30 USD USD USD
5.28 CNY CNY CNY
43.56 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.74 TRY Interest Interest
66.21 USD Fossil Oil Fossil Oil
41.10 USD Silver Silver
488.00 USD Copper Copper
99.70 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,091.06 TRY Gold (gr) Gold (gr)

How did iron ore close last week in China?

Shanghai rebar futures were soft on Friday, while iron ore prices saw a slight increase.

How did iron ore close last week in China?

Shanghai rebar futures were soft on Friday, while iron ore prices saw a slight increase. 

Inventories of imported iron ore sintering powder at 64 factories in China rose 2.8 percent to 8.9 million tons in the week ended August 9. However, despite this, it was recorded at a 29% lower level than in 2022.

Some steel mills in South China received large quantities of seaborne cargoes during this period, resulting in sufficient stocks to last them for 15 days at their current consumption rate.

In addition, Rio Tinto and its consortium partners have reached an agreement with the Guinea government for the development of a crucial rail line to build the world’s largest untapped iron ore deposit. Rio Tinto, Guinea, and the Winning Consortium Simandou, which includes Chinese and Singaporean companies, will collaborate on developing the 600 kilometers of rail lines necessary to transport the iron ore to the port.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Sustainable transformation in the steel industry: Gemini Corporation's vision and actions

Friday, April 25, 2025

Leaders of the Steel World Meet at Steel Summit 2025

Friday, April 25, 2025

UAE scrap and steel market seeks balance as saudi rebar prices hold steady

Friday, April 25, 2025

Tuğba Çimenci: EU's Steel Plan creates both pressure and opportunity for the Turkish industry

Friday, April 25, 2025

ArcelorMittal to lay off 600 employees in France

Friday, April 25, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now