scrap iron ore price relationship

Scrap Iron Ore Price Relationship

Scrap-iron ore price link weakened by trade tensions ...

Aug 21, 2019 · The traditionally strong correlation between ferrous scrap and iron ore has been eroded by global trade upheavals and economic troubles in Turkey, the largest import market for steel scrap....

Scrap-iron ore price link weakened by trade tensions ...

Previously, the relationship between ferrous scrap and iron ore prices often meant price movement in one would lead to a corresponding price change in the other – with market participants trading...

Scrap-iron ore price link weakened by trade tensions ...

The traditionally strong correlation between ferrous scrap and iron ore has been eroded by global trade upheavals and economic troubles in Turkey, the largest import market for steel scrap. Previously, the relationship between ferrous scrap and iron ore prices often meant price movement in one would lead to a corresponding price change in the other – with market participants trading on this correlation.

Iron ore cost-effective for steel mills as price diverges ...

Mar 08, 2018 · The fast-rising scrap market has outpaced iron ore prices, making iron ore the most cost-effective raw material for mills. Based on the analysis, domestic scrap is statistically $31/mt overvalued, when compared with iron ore (using historical pricing data from May 2013 to February 2018).

Iron ore cost-effective for steel mills as price diverges ...

Iron ore cost-effective for steel mills as price diverges from scrap. The scrap market tends to move in line with iron ore in China. Over the past five years, the price differential between domestic scrap and iron ore imports has averaged $200/mt. However, since scrap prices began to elevate precipitously in October 2017, the differential increased to a high of $332/mt in late December.

The Iron Ore - Scrap Correlation: Does it Correlate to ...

Mar 21, 2011 · So as iron ore prices rise, one might expect scrap prices to follow suit. But to understand how that trend actually correlates, we turn to an …

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