What Are the Different Uses of Iron Ore?

Iron ore is an important raw material for iron and steel production enterprises. Natural ore (iron ore) is gradually selected from iron through crushing, grinding, magnetic separation, flotation, and re-selection procedures. Iron ore is an aggregate of minerals containing iron simple substance or iron compound that can be economically used.

Anything that can be used economically

World iron ore resources are concentrated in Australia, Brazil, Russia, Ukraine, Kazakhstan, India, the United States, Canada, South Africa and other countries. As the world s largest iron ore demand country, although its own iron ore reserves are not small, its grade is unfortunately relatively low. From the perspective of industrial economy, it is not as good as Australia, Brazil and other countries rich in iron ore. import.

The iron ore that can be directly put into the steelmaking furnace is called "flat furnace rich ore", and the iron ore that can be directly used for ironmaking is called "blast furnace rich ore", all with the word "rich". These rich ore are preferably magnetite and hematite, and their iron content is more than 70%.

Iron

Iron ore

The distribution of iron ore in China is mainly concentrated in Liaoning, Sichuan,

China's iron ore resources have two characteristics: one is that there are many poor ore resources, and the reserves of lean ore resources account for 80% of the total; In addition, the ore body is complex; some of the lean iron deposits are hematite in the upper part and

China's iron ore spot price index mainly includes the comprehensive fine ore price index, domestic fine ore price index, imported fine ore price index, imported lump ore price index and imported pellet price index. And domestic powder ore prices are calculated scientifically.

The imported iron ore price indices are collected from the spot transaction prices of the top ten coastal ports in China (Dalian Port, Jingtang Port, Caofeidian Port, Tianjin Port, Qingdao Port, Rizhao Port, Lianyungang Port, Ningbo Port, Zhanjiang Port, and Fangcheng Port). The price indices of 58-grade imported fine ore, 62-grade imported fine ore, 66-grade imported fine powder, 62-grade imported lump ore, and 65-grade imported pellets are calculated.

As the iron ore spot market is almost only in China, 50% ~ 60% of iron ore in China is

Under the temptation of iron ore violence, in 2012, Vale, the three largest mines in the world, Rio Tinto and BHP Billiton were actively expanded to expand their production capacity in order to continue to make huge profits from high ore prices. At the same time, emerging mines are rising, trying to grab a slice of the booming iron ore market.

The capacity expansion plans announced by the three major mines are estimated to add 100 million tons of new iron ore capacity by 2013. The new capacity in 2014 and 2015 is expected to reach 338 million tons and 165 million tons, respectively, from 2012 to 2015. The total new capacity of the three major mines is expected to reach 626 million tons.

At the same time, FMG,

The round of decline in iron ore futures since the beginning of July has not seen a significant rebound so far. The entire market recognizes the large short position of ore, but there are differences in short-term prices, which makes the overall position of iron ore futures contracts reach 1.96 million hands. Historical high. Yesterday, iron ore futures hit a record low again. The 1505 contract closed at 465 yuan / ton, a decline of 2.31%, the lowest intraday fell to 459 yuan / ton. From a fundamental point of view, the inventory of the port has continued to rise in July, and spot transactions have not shown any obvious improvement, and the support for mineral prices has been weak. ^[3]

Iron ore steel plant operating rate

According to data from the China Iron and Steel Association, the average daily output of crude steel in early November was 207,200 tons, a decrease of 16.36% month-on-month. Affected by the APEC meeting in Hebei region, production has been significantly reduced, causing the Hebei region's operating rate to drop to about 75% in early November, which has led to a significant decline in overall crude steel output. However, after the APEC meeting, enterprises in Hebei region resumed production in mid-November, and the national blast furnace operating rate picked up. Last week, the operating rate of blast furnaces in the Tangshan area recovered to about 92%, an increase of 51% from the previous month. Under the profit level in 2014, the initiative of steel mills to reduce production is not strong. However, considering that there are not a few routine maintenance plans for steel mills from November to December, the overall demand for raw materials by steel mills has decreased. ^[3]

Iron Ore Port Inventory

From the perspective of port inventory, Mysteel calculated last week that the total iron ore inventory at 41 major ports nationwide was 108.05 million tons, an increase of 620,000 tons week-on-week. Port inventory rose for two consecutive weeks, and spot spot transactions in the port were cold, putting pressure on market psychology.

From the perspective of mining shipments, the total iron ore shipments in Australia and Brazil last week were 18.844 million tons, an increase of 525,000 tons. Among them, Australia shipped 13.526 million tons, an increase of 591,000 tons; Brazil shipped 5.318 million tons, a decrease of 66 thousand tons. Specifically, the total iron ore shipments at Australian ports last week were 13.526 million tons, an increase of 591,000 tons from the previous month, of which 1.052 million tons were sent to China, down 122,000 tons. Rio Tinto sent a total of 3.55 million tons to China; BHP and FMG sent 3.885 million tons and 2.817 million tons to China, respectively. Last week, Brazil's iron ore shipments totaled 5.318 million tons, down 66,000 tons from the previous month. Vale shipped 4.763 million tons, CSN shipped 292,000 tons, and Samarco shipped 263,000 tons. ^[3]