Aug/22. Iron ore prices refer to Iron Ore Fine China Import 63.5 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. This page provides Iron Ore actual values, historical data, forecast, chart, statistics, economic calendar and news.
True giants of mining: World's top 10 iron ore mines. Iron ore reached a 10week high last week according to data provided by The SteelIndex and is trading up some 28% from record lows for the spot market hit early July 8. While today's price is nowhere near record highs above $190 a tonne reached in February 2011,
About the Price. Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.
In May 2018, iron ore was valued at approximately 66.1 U.S. dollars per dry metric ton unit (dmtu), as compared to around 62.43 U.S. dollars per dmtu in May 2017. Iron ore price and production. Iron ore refers to the minerals and rocks from which metallic iron is economically viable to extract.
Domestic Production and Use: In 2012, mines in Michigan and Minnesota shipped 97% of the usable ore produced in the United States, with an estimated value of $6.0 billion. Thirteen iron ore mines (11 open pits, 1 reclamation operation, and 1 dredging operation), 9 concentration plants, and 9 pelletizing plants operated during the year.
The Sintering Process of Iron Ore Fines. Sinters are classified into acid sinter, selffluxing sinter and super fluxed sinter. Selffluxing sinter brings the lime required to flux its acid components (SiO2, Al2O3). Superfluxed sinter brings extra CaO to the blast furnace. For selffluxing and superfluxed sinter,
MBIOI 62%, 58% and 58% Premium, Fe Fines CFR Qingdao. The MBIOI62 is a benchmark price representing the iron ore fines market. All prices within the specification maximums below, are normalised to the base specification based on the valueinuse implied by the market.
DSO is a sintering fines material. It is sold to steel mills and used as a feedstock in the production of sintered iron ore, which in turn is used as a feedstock for ironmaking blast furnaces. It is in the blast furnace that the iron ore is converted to liquid hot metal. Iron ores are oxides that are rich in iron content.