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IRON ORE PRICES HIT FIVE YEAR HIGHS

20 Sep 2019
IRON ORE PRICES HIT FIVE YEAR HIGHS

Few commodities have enjoyed as spectacular a price boom this year as iron ore has.

By early July, the price of this steelmaking raw material topped $120 per tonne for the first time since 2014—

the culmination of an explosive rally that began early this year and that has shown little sign of abating since then.

Iron ore is among the world’s most crucially important commodities, especially given its widespread use as steel’s main ingredient.

Currently, the world produces around 1.7 billion tonnes of steel, a process that requires about 2 billion tonnes of iron ore as well as lesser amounts of recycled steel and metallurgical coal.

Souerce https://internationalbanker.com/brokerage/iron-ore-prices-hit-five-year-highs-whats-behind-the-rally/

 


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Current Prime Steel Sheet Price Range in Turkey Updated 20.04.2024

 
Import Material
Eastern Europe
Erdemir Material
Local Manufacturer
Hot Rolled (HR-S235 JR)
590$
560$-580$
Cold Rolled (DC01)
710$-720$
680$-690$
Hot Rolled Pickled (DD11)
670$-680$
640$-650$
Hot Dip Galvanized (DX51-D+Z100)
720$-720$
670$-700$