Raw Materials Daily Issue 577 Friday 7th July 2017 Iron Ore • Metallurgical Coal • Coke • Scrap • Ferroalloys • Latest News • Analysis • Data Contents Mysteel Iron Ore Index 62% Fe (Australia Fines) CFR Industry & Market News 2 100 Chinese Raw Materials Prices 4 90 Key Indicators & Analysis 6 80 Maintenance & Restrictions 8 70 Iron Ore Shipments 9 60 Domestic Mine Operation 11 Inventories Overview 12 50 Port Congestion 13 40 Inventories of Australian Ore 14 30 Inventories of 20 Brazilian Ore 15 Inventories of 10 Indian Ore 16 0 Iron Ore For Trading 17 Stocks in Bonded Areas 18 Daily Offtakes 19 Renewed domestic iron ore consumption provides support to Total Iron Ore Inventories 20 local portside prices About Mysteel 21 Mysteel’s major iron ore portside prices edged up around RMB5/t today, as mills returned to the market after a period of sitting on the sidelines. We Editorial had heard some mills had been reluctant to purchase material earlier in the Vice President: week due to unclear direction in the market. More recently, however, some Zhang Yong mills have ramped up their output in response to robust margins and the +86-21-2609-3209 end of routine maintenance programmes. For example, Mysteel’s bespoke
[email protected] survey of blast furnace capacity utilization across 163 steel mills shows that rates increased 0.74% week-on-week tp 85.34% on Friday 7th July 2017. Head of Market Intelligence: Atilla Widnell That said, Mysteel understands some traders were reluctant to sell cargoes. +65-6653-8226 As a result, some steel mills raised offer prices to conclude deals.