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The iron ore market moves fast, driving critical industries like steelmaking. Shaped by factors such as supply, demand, geopolitics and sustainability, it presents continuous challenges for businesses aiming to stay ahead.
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Boston Metal is pioneering carbon-free steel production through its molten-oxide electrolysis technology, securing key partnerships and demonstrating industrial milestones in Brazil, Finland and the US. The company’s progress in anode durability and scalability positions it at the forefront of green steel innovation.
Steel’s future is being forged in a crucible of competing demands. As the global push for greener production gains momentum, today’s market continues to favor low-cost, lower-grade ores. This “iron ore paradox” puts producers, investors and policymakers at a pivotal intersection. While economic realities make lower-grade ores attractive now, the industry can’t ignore the drive to decarbonize steel production.
The SGX 65% Fe iron ore futures contract reached record trading volumes as Chinese steelmakers sought high-grade ores amid tighter production restrictions. This surge underscores the growing role of premium-grade iron ore derivatives in global steel and raw materials markets.
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Iron ore 65% Fe fines, % Fe VIU, cfr Qingdao $/dmt
Iron ore fines, % Al2O3 VIU, cfr Qingdao, $/dmt
Pig iron export, fob Ponta da Madeira, Brazil, $/tonne
Pig iron export, fob port of Vitoria/Rio, Brazil, $/tonne
Pig iron import, cfr Gulf of Mexico, US, $/tonne
Pig iron export, fob main port Baltic Sea, CIS, $/tonne
Pig iron export, fob main port Black Sea, CIS, $/tonne
Iron ore 61% Fe fines, fot Qingdao, $/dmt conversion
Iron ore 61% Fe fines, fot Qingdao, yuan/wet tonne
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