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Within that grouping metallurgical coal may sustain such a price level deeper into the cycle than iron ore Quality differentials in both commodities are expected to remain wide based on durable changes in the operating environment of the Chinese steel industry The upside and downside risks for
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In 2017 HESowned Europees Massagoed Overslagbedrijf EMO replaced its 1970s conveyor belt system in the west of the port with eight new lines connecting its stackersreclaimers bargetrain loaders and blending silos that serve the European iron ore and coking coal market Belgium's main dry bulk cargo terminals in Antwerp are also
Metal price outlook When the going gets tough Article
Restrictions on steel production sinteringcoking coal have been extended outside the winter heating seasons supporting higherforlonger mill profitsiron ore grade premiums but are expected to intensify during the key NovemberMarch months when we also upgrade our price forecast for the 62 Fe price to average 66 for 4Q and 65 for 1Q
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Iron ore concentrate magnetite or hematite or their mixtures and noncoking coal mixed in pellets are processed for 10 min by a singlestage heat treatment in an RHF yielding highquality 96–97 Fe slagfree iron nuggets These nuggets are easier to handle than DRI or hotbriquetted iron and are processed in EAF or after remelting in BOF
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Iron Ore Grade is king but the throne will swing ING Think
But our conversations with iron ore traders miners and steel mills gives us a firm conviction that the new Chinese drive for quality ores has changed these pricing dynamics for good Specifically it's the higher grade prices 64 Fe that are now diverging from the benchmark
European coal market struggles with surge of offspec
However the declining availability of high quality coal coupled with the increased flows of offspec coals could be tipping this balance into unsustainable territory sources said A European utility buyer questioned how much more offspec coals could fit into Europe
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ArcelorMittal commissions Midrex to design demonstration
During the process iron oxide pellets are reduced to metallic iron the raw material for high quality steel by extracting oxygen using natural gas Our site is the most energyefficient production plant at ArcelorMittal says Dr Uwe Braun CEO at ArcelorMittal Hamburg adding that the existing Midrex plant in Hamburg is also the plant with
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