The price of iron ore has taken another leap upward despite a new report from the World Steel Association that predicts a slowdown in global demand in 2018.
The estimated price of ore from 62% Fe increased by 4% to $ 62.40 per ton for North China. Iron ore averaged $ 72 per ton this year, up from $ 56.50 during 2016.
Global steel demand is expected to rise to 1.6% next year after a robust 2017, thanks largely to strong expansion in China, which consumes as much steel as the rest of the world.
Steel demand in China is expected to increase by 3% in 2017, higher than the previous forecast in line with the global market, but the outlook for 2018 remains low.
According to Worldsteel forecasts, in 2018 global steel demand will reach 1.65 billion tons, while Chinese demand will reach 882 million tons, which is 3% more than this year.
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- Today
08:00 Forecast of the Institute of VEB prices for main raw materials in 2025-28 - 02 July 2025
21:00 We invite Voices to Cherepovets and Vologda to the Voices Film Festival! 21:00 Cherepovets, Mednogorsk and Lipetsk have become leaders in reducing harmful emissions 19:00 INNOPROM-2025, Russia's main industrial exhibition, will start next week. Severstal IT — partner of the event 18:00 years of steel history: Cherepovets Metallurgical Plant 17:00 Zaporizhstal for six months increased the rental production by 6.8% 16:00 At the Conference “litius 2024”, decadent sentiments were heard due to a temporary fall in prices: lithium fell by more than 80% compared to the peak levels of 2022
Publications
02.07 How to choose furniture in the hallway: secrets of comfort and amenities at the very beginning of your home 30.06 The choice of summer rubber 01.07 Half -dimensional naivni pidlog: 01.07 Aerated concrete blocks from the company ceramic fest 29.06 Cast iron baths in the Sanok online store
