Steel raw materials jumped 5.6% to hit $ 75.70 a tonne, close to four-month highs last week, according to data provided by The Steel Index.
The price of iron ore is now trading 43% higher than its 2017 lows of just two months ago, as China's resistance to pollution in heavy industries forces the country's steel companies to push for high-quality imports.
The latest rise in iron ore comes after another fierce day of trading in the markets in China. Last week, regulators raised rates and imposed trade restrictions to dampen speculative activity, which sent prices down for steel, iron ore and coking coal, but rebounded on Thursday.
In Shanghai, rebar futures - the most traded steel contract in the world - rose more than 3%, peaking in more than 4 years, while coking coal futures on the Dalian Exchange rose 8% on the day, reaching a record high ore rose to 7%.
+38 (097) 475-20-95
|
|
|
Subscribe to news 
Metallurgy news
- Today
13:00 13:00 12:00 Imports of slabs to Turkey in January-February 2026 decreased by 37.7% 12:00 11:00 SAIL's Bokaro steel plant to begin hydrogen injection at BF to reduce carbon emissions 11:00 10:00 IREPAS: Global long-term market faces supply shock; ceasefire brings hope 10:00
Publications
07.04 E-sports and sports: current trends and analytics 07.04 Why does wood darken after applying oil? 04.04 Rent of equipment for fast and manual work 01.04 How the price of hot-formed seamless steel pipes is determined 30.03 Where is copper rod most often used: top 3 areas
