Steel 360 - August 2018
Get Steel 360 along with 8,000+ other magazines & newspapers
Try FREE for 7 days
Get Steel 360
Buy this issue $7.99
Subscription plans are currently unavailable for this magazine. If you are a Magzter GOLD user, you can read all the back issues with your subscription. If you are not a Magzter GOLD user, you can purchase the back issues and read them.
- Magazine Details
- In this issue
In this issue
Tailwind spin of High Grade iron ore Higher grade iron ore prices are seeing a spiral movement in past few months, may surge to 100 dollar mark leading to further change the trend and reshape the global market. China buying cheap low-grade ore in order to be cost effective is slowly coming to an end with Chinese government has warned mills that they could face closure if they don't meet emission targets by October. The clamp down on pollution is expected to move higher which was initially at 10-15 % and which could move up to 50 % during the summer. So what China needs now and in the future will be more sophisticated ore, with higher iron and lower impurity content, it has pushed the Chinese market slowly to opt for higher grade iron ore which emits lesser pollution even though the margin cost is moving higher. In midst of trade war looming iron ore shaved away from the impending danger as other commodities are feeling the pinch of the trade war. The pricing for iron ore has been dramatic in the past few months and the miners in Brazil & Australia are racing up & revamping strategies to fulfill the Chinese market. Read the detailed analytical report of cover story on pg-34.
- Cancel Anytime [ No Commitments ]
- Digital Only