SteelHome Express: Quotation of Iron Ore Broadly Stable on Wednesday
Quotation of imported iron ore on Tangshan market remains broadly stable on Wednesday.
Then the prevailing quotation on the market: PB fines is 850-855 yuan/t; PB lump is 890-895 yuan/t; Jimblebar fines is 775-780 yuan/t; Super Special fines is 700-705 yuan/t; Brazilian IOCJ is 980-985 yuan/t.
Meanwhile, at Rizhao port, PB fines has been traded 835 yuan/t this morning.
According to SteelHome survey, the overall transactions are at a normal level on the spot market. And the prevailing products transacted today are medium and low Fe grade Australian fines. SteelHome considers that prices of iron ore may keep fluctuating in the short run.
Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jul 15
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH)n(H2O), 55% Fe) or siderite (FeCO3, 48.2% Fe). Ores containing very high quantities of hematite or magnetite (greater than about 60% iron) are known as natural ore or direct shipping ore, meaning they can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel 98% of the mined iron ore is used to make steel. Item Specification Fe: 57 Min SiO2: 4 Max Al2O3: 5.5 Max Moist: 12 Max P: 0.08 Max S: 0.04 Max +40mm: 5 Max -6mm: 20 Max LOI: 7 About TI: 70 Min AI: 15 Max RI: 60 Min RDI: 25 Max DI: 10 Max
Our High-grade Iron Ore from South Africa is renowned for its exceptional purity and consistent quality, making it an ideal choice for steel production and various industrial applications. Meticulously extracted and processed, our iron ore ensures optimal performance and reliability in every use, meeting the stringent standards of the global market.
Our iron ore is hematite. Hematite is a reddish-brown iron oxide mineral with the chemical formula Fe2O3. Hematite ores in Nigeria usually contain between 50% and 70% iron, making them ideal for iron ore production. Commodity 1 provides Iron ore directly from the mine site to the global market. There are no middlemen involved, only our staff on the ground. We strive to organize smooth and transparent transactions. We believe in building long-term relationships with our customers. According to a report by the World Steel Association, global steel production is expected to reach 1.8 billion tons in 2025, from 1.6 billion tons in 2020. This increase in steel production will increase demand for iron ore. The global iron market is expected to grow at a CAGR of 4.5% between 2022 and 2027. PACKAGING & DELIVERY Packaging Details: LUMS Port: Lagos Apapa Port, Nigeria Bags: 50 kg Container: 20 ft Lead time: Quantity (metric tons) 20 MT/Month 1000 MT/Month Lead time (days) 30 Days 30 Days Shipload : The shipload quantity is available every four months. CHEMICAL COMPOSITION ANALYSIS Element Chemical Symbol Typical Concentration (% by weight) Iron Fe 65-75 Silicon dioxide SiO2 0-25 Aluminum oxide Al2O3 0-15 Titanium dioxide TiO2 0-5 Manganese oxide MnO 0-3 Phosphorus pentoxide P2O5 0-0.1 Iron ore composition varies slightly based on the source and what region of Nigeria it is collected. We encourage buyers to ask for a free sample for their own composition analysis and evaluation of ready-to-ship material. Samples are free of cost, but buyers should arrange with a courier service of their choice to pick up a free sample.
Our Iron Ore is a high-grade raw material essential for steel production and various industrial applications. Sourced from top mining locations, our iron ore ensures superior quality and consistent performance for your manufacturing needs. Key Features: 1. High Purity: Contains a high percentage of iron content, ensuring maximum efficiency in steel production. 2. Consistent Quality: Sourced from reputable mines, our iron ore maintains uniform quality and performance standards. 3. Versatile Applications: Suitable for various uses, including steel production, ironmaking, and as a raw material in other industrial processes. Applications: 1. Steel Production: Primary raw material used in blast furnaces and direct reduction iron (DRI) processes to produce high-quality steel. 2. Ironmaking: Essential for producing pig iron, which is a precursor for various iron-based products. 3. Industrial Uses: Used in cement production, heavy machinery manufacturing, and as a catalyst in certain chemical processes.
Iron Ore: Grade: 63-64% Capacity: 15,000 Tons a month Orygin: Laos Incoterms: CIF Price EXW: 80$/tonne Inspection: SGS or a similar inspection agency will conduct inspections at the loading port. Buyer's Rights: The buyer has the right to appoint an independent surveyor acceptable to the seller to be present during the weighing, sampling, and analysis procedures for the cargo. This arrangement is valid for both parties.
Iron Ore: Grade: 57% Capacity: 55,000 Tons Physical specifications size: 0mm-10mm - 90% Guaranteed values: Above 10mm: maximum 10% Below 150 microns: 35% Inspection: SGS or a similar inspection agency will conduct inspections at the loading port. Buyer's Rights: The buyer has the right to appoint an independent surveyor acceptable to the seller to be present during the weighing, sampling, and analysis procedures for the cargo. This arrangement is valid for both parties.