· Iron ore prices have plummeted since May, reflecting recent efforts by Beijing to rein in demand for steel and turn back high raw material prices that have hit Chinese producers.
· Iron ore price back below 100 on shrinking steel output in China. The demand remains cool on steel production controls and sluggish downstream consumption. Staff Writer | .
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China Iron Ore Market Analysis » More: International Iron Ore Market Analysis » More: Nov 5 Iron ore prices to find a floor around current level.... Nov 4 The bear case for iron ore is in doubt. Nov 3 The drop in spot iron ore caused panic on the market. Nov 2 Iron ore price keeps falling on Chinese steel curbs. Nov 2 Magnetite Mines on track with iron ore mine designed...
· S outh African minerals and metals producer Assore reported a percent fall in annual profit on Thursday as a strong rand currency offset favourable commodity prices and higher sales.. Assore, which also produces manganese and chrome ore, said headline earnings per share (HEPS) for the year to June 30 fell to 4,953 cents from 5,049 cents.
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· A renewed meltdown in commodity prices has shaved billions off the value of some of South Africa's biggest mining companies. Iron ore prices have seen the biggest hit, falling from a record high of a ton in May to less than half around 90 on Monday.
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Chrome Mining Projects in South Africa . While South Africa's mining industry returned to profitability in 2019 despite a number of challenges, manganese, iron ore and chrome are the only commodities that have seen real production growth over the last 15 years.
· Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes.
Iron ore with % iron content for delivery in Tianjin extended its downward momentum to 92 per metric tonne, the lowest since March 2020 on weak industrial demand from China due to constraints on steel output. After enforced constraints on steel production in 2021, China ordered steel mills to lower output during the winter season and ahead of the Winter Olympics in Beijing.