Brazilian high-grade iron price maintains stability week-on-week

Tuesday, 21 May 2024 08:25:54 (GMT+3)   |   Sao Paulo
       

The price of the Brazilian high-grade iron ore, 65 percent iron contents, was $133/mt on 20 May, against $134/mt on 13 May, CFR China.

According to sources, the macroeconomic news from China is positive, but the lower margins currently achieved by the local steel producers should result in pressures to reduce the iron ore prices.

The export price of blast furnace grade pellets is $146/mt, stable from 13 May, reflecting the same premium ascribed to the product, in relation to the equivalent sinter feed fines.

The premium of the Brazilian high-grade ore, in relation to the Australian 62 percent iron ore, when considering their iron units, is 7.6 percent, against 8.7 percent previously, reflecting the interest by the integrated steel producers for the higher productivity and lower emissions of the premium ores when processed in blast furnaces.

In the Brazilian domestic market, the prices are estimated at $103/mt for the iron ore and $116/mt for the pellets, against respectively $104/mt and $117/mt previously, ex-works, no taxes included.

In April, Brazil exported 27.20 million mt of iron ore (pellets excluded) and 2.50 million mt of pellets. Preliminary numbers point to higher volumes in May.


Similar articles

Brazilian high-grade iron ore price increases from last week

20 Nov | Scrap & Raw Materials

Brazilian high-grade iron ore price declines during the week

15 Nov | Scrap & Raw Materials

Brazilian high-grade iron ore price declines from last week

11 Nov | Scrap & Raw Materials

India’s coking coal import port traffic falls 6% in April-October

11 Nov | Steel News

Brazilian high-grade iron ore price increases from last week

04 Nov | Scrap & Raw Materials

Brazilian high-grade iron ore price increases from last week

28 Oct | Scrap & Raw Materials

Sweden’s LKAB delays fossil-free sponge iron production in Kiruna to 2040s

25 Oct | Steel News

Brazilian high-grade iron ore price declines slightly from last week

22 Oct | Scrap & Raw Materials

Brazilian high-grade iron ore price declines during the week

18 Oct | Scrap & Raw Materials

Samarco will use biological oil to produce iron ore pellets

17 Oct | Steel News