Iron ore is used to smelt cast iron, steel cast iron and steel. However, before iron ore is used for its intended purpose, it undergoes enrichment at mining and processing plants.
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.
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.
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 base grade 62% magnetite, origin Chile minimum quantity 50,000 tons monthly production 100,000 tons reference price USD 76.00 or platt less 30% renewable twelve-month contract Payment SBLC or DLC on demand transferable proof of funds (mt799)
Iron ore is an indispensable and vital raw material in the realm of steel production, serving as the principal ingredient in the fabrication of steel, a pivotal substance employed extensively in diverse sectors such as construction, infrastructure development, automotive manufacturing, machinery production, and numerous other industrial applications. Our company stands out as the foremost industry leader in the exportation of this indispensable commodity, consistently surpassing competitors by a substantial margin, thereby affirming our unrivaled prowess in this arena.
Iron ore fines come from the natural raw iron ore through the process of mining, crushing and screening, where the iron ore is separated into lumps and fines. Iron ore is done in this fashion so that it can be used for the iron/steel making industry
Iron ore
Terms : FOB, CIF,
Payment DLC / SBLC BG
For minerals: payment 95% at loading Port after SGS, remaining 5% at destination Port after inspection.
IMPORTANT: NO advance payment are request
Product: Iron Ore (Fe 62% minimum)
Origin: Peru (South America)
Delivery:
1. FOB Matarani, Ilo or Salaverry port: 35,000 MT
2. FOB Pisco port: 50,000 MT
Both shipments in parallel
Size: 1.5" to 3.0"
Contract: 1 year renewable
Price: USD 75 per metric ton of iron content 62%
USD 1.00 pro-rate per metric ton for Iron ore content above 62%
Payment: LC confirmed, 100% operational, at sight.
Company has CIQ and previous experience delivering to China.
Quantity is 30,000 metric Ton monthly
contract duration +1 year
price is negotiable based on Iron ore price index
payment is based on letter of credit.
