S&P Global Platts analysis and data show that global operating margins for steel mills look strong year-over-year as steel prices rose higher compared to iron ore, coking coal and scrap.
In China, spreads between steel and prices for imported blast furnace raw materials remained close to multi-year highs reached in September. On Monday, iron ore prices rose from 62% Fe to $ 70.35 /ton CFR in China, compared with an average of $ 64.28 /ton in November.
The production volumes of the steel mill in China decreased slightly due to the change in the cost of iron ore and lower prices for steel from earlier peaks. However, spreads remained relatively strong in November.
Prices for iron ore imports to China rose last month from October levels and continue to strengthen. Raw material costs, including those with constant coking coal import prices, have returned to their August highs.
Chinese metallurgists have significantly increased the profitability of production
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Azovpromstal® 13 December 2017 г. 10:41 |
