What is the price of iron ore. We will publish reports on this web site.
Iron ore and steel prices in China since at the highest level. Frankfurt - "thought dead live longer!" you can probably say about the developments in the steel market, analysts at Commerzbank Corporates & Markets.
Even in September, the falling steel and iron ore prices in China were often interpreted as an indication of a very weak demand and the economic development in China. The sharp rise in prices for iron ore and steel in recent weeks have surprised many market participants accordingly. In China, the iron ore price by a 27% increase has risen to its highest level since mid-August, the price of steel had even reached the highest level since mid-July. Please refer to the view of the analysts are in addition to the "soft" factors such as optimism because of the infrastructure programs and further liquidity injections and the physical restriction of the market.
Thus, the inventory levels for steel in China would fall for months, also are for hot-rolled HRC fallen in recent weeks to multi-year lows. Even when iron ore was emerging a cleanup, after a large part of the production in China had become unprofitable. For the current narrowing but not just the supply side was responsible: Steel production in September and October has probably fallen further after she was already in August fell by 4.8% month on month. Even the robust demand is likely to have played a key role. Motive was to the satisfaction of the analysts but mainly export demand because of the high price difference to the world market have been. So it is still too early to give the all-clear for the steel market.
