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The iron ore contango Why now The iron ore forward curve has made history in November by recording the longest period of contango in its brief existence On November 1 Platts assessed The Steel Index 62% Fe CFR China swaps in contango from the December strip out to Q2 2024 which has been sustained until now
Today in terms of raw materials is estimated that the global steel industry uses on average 2 billion tonnes of iron ore 1 billion tonnes of metallurgical coal and 520 million tonnes of recycled steel to produce billion tonnes of crude steel a year Recycled steel sometimes called scrap steel is one of the industry s most important raw materials
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Smelting is a process of applying heat to ore in order to melt out a base is a form of extractive is used to extract many metals from their ores including silver iron copper and other base metals
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With over 30 years of experience, we become a renowned manufacturer in the stone crushing and mineral grinding industry. Headquartered in Shanghai, China, our expansive factory spans over 120 hectares, empowering us to cater to the production demands of global customers.