Forward curves show 5-8% gains in coking coal prices, which the broker believes is a reasonable outlook. Australian hard coking coal has rallied since mid May, Morgan Stanley also notes, as China's coal shortage and elevated steelmaking margins push domestic coke and metallurgical coal prices to multi-year highs.
Iron Ore and Coal Cost Curves Global 'cost' curves for iron ore and coal provide an indication of the profitability of production at different price levels, which has implications for the future supply of these bulk commodities. These curves are based on the average variable costs of production of different mines, and are constructed
RBA (Reserve Bank of Australia) (2014), 'Box B: Iron Ore and Coal Cost Curves', Statement on Monetary Policy, August. RBA (2015), 'The Global Financial Environment', Financial Stability Review, October, pp 3–15. RBA (2019), 'Economic Outlook', RBA …
Industry Production & Cost Report. Make better decisions with our detailed cost and production data. Explore detailed analysis of historical data, plus up to 15-year site-focused forecasts. Using our site-by-site analysis, we provide a comprehensive commentary on the operational changes within the industry and the ramifications for costs and ...
Box B: Iron Ore and Coal Cost Curves. · processing costs due to the lower quality of iron ore mined as well as the high cost of transporting domestic ore to steel mills owing to the inland location of the iron ore mines. 1 For Australian producers, this will include take-or-pay contracts (where miners pay a fixed cost
Box B: Iron Ore and Coal Cost Curves. · Global 'cost' curves for iron ore and coal provide an indication of the profitability of production at different price levels, which has implications for the future supply of these bulk commodities.
Fastmarkets will refer to the SGX 62% Fe forward curve for iron ore products traded on a 62% Fe index or a basket of 62% Fe indices and will refer to the SGX 65% Fe forward curve for iron ore products traded on a 65% ... between the SGX daily settlement prices for the 62% . Iron Ore Indices. Iron Ore Indices price specifications . Iron Ore ...
Iron ore's collapse from giddy highs of upwards of US$230/t to under US$100/t appears to have subsided for now as iron ore prices posted a sharp bounce back above US$120/t last week.. The factors that led to the decline are well documented, primarily mandates from the Chinese Government for Chinese steel makers to keep production flat year-on-year after profit hungry mills …
"The vast majority of the iron ore industry is unsurprisingly in-the-money at current spot prices," Macquarie says. "Widening Fe-discounts have shifted low-grade producers up the curve ...
Over the past 10 years, the price differential between seaborne iron ore and coking coal prices has averaged $80/mt, with coking coal typically trading at two times the price of iron ore. However, a precipitous rise in iron ore prices since May has seen the differential shrink to minus $2.40/mt in early August, the lowest since 2010.
Back in the late 19th century, the Carnegie Steel company controlled not only the mills where the steel was manufactured, but also the mines where the iron ore was extracted, the coal mines that supplied the coal, the ships that transported the iron ore and the railroads that transported the coal to the factory.
the additional cost of hiring the last worker equals the additional revenue generated by that worker. ... coal and iron are complements in the manufacture of steel. An increase in the price of coal would lead to ... a decrease in the demand for iron ore as steel manufacturers reduce production of steel. other things equal, a monopolist will hire.
China's Jan-Aug iron ore imports down 1.7% YoY Sep 07 2021. China's iron ore imports over January-August dipped 1.7% on year to reach around 746.5 million tonnes, with the pace of the decline being slightly faster than the 1.5% on-year drop recorded for the first seven months, according to the latest statistics from the country's General Administration (GACC) of Customs on September 7.
Track, review, benchmark and assess hundreds of different prices relating to specific products. Cost Modeller. Manipulate our project data and create tailored cost curves with ease. Consulting. Our approach enables clients to make key strategic financing and operating decisions.
Australia's export earnings have held up well despite the coal ban and a sharp drop in iron ore prices, Oliver said. Australia could become 'roadkill' if it refuses to embrace renewables, says ...
Iron ore. Iron ore prices (62%, CFR, Argus) have been very strong, ranging between $150/dmt and $236/dmt over the second half of financial year 2021, averaging around $183/dmt. The high for the period ($236/dmt, reached on May 12) is also the all–time record.
Graph 21: Iron Ore Price Index – Canada The last data point is December 2017. Data sources: Statistics Canada (Industrial Product Price Index and Raw Materials Price Index series – IPPI & RMPI) (Cansim Tables 329-0075, 329-0076 and 330-0008).
Gigatons of iron ore, coking coal, slag, and process water 4. Could produce a pig-iron replacement at cost parity with BF-BOF-CCS route >= 95 wt.% pure Fe at ~$ 500/ton 95 wt.% pure Fe at ~$ 400/ton Table 1. Hypothetical criteria for zero-emissions ironmaking technologies of …
EAF can process pig iron (BF products), scrap steel (recycled), and DRI for its steel making. In practice, these different feedstocks are typically mixed for multiple reasons: costs, feedstock availability, and product quality control (DRI and pig iron are much purer than scrap steel and can be used to improve the steel quality and reduce energy consumption). The use of pig iron in EAF ...
The supply-side dynamics for coking coal are different because not much additional capacity is expected to come online over the next few years. However, the global seaborne market is small, which makes the spot price vulnerable to supply-side disruptions. Over the past year 2 See RBA (2014), 'Box B: Iron Ore and Cost Curves', Statement on
Thermal coal prices in export markets have continued to strengthen into the SepQ21 and producer currencies have weakened allowing record coal pricing in Australian dollar terms. Around half of TER's coal is export thermal coal and earnings are highly leveraged with a US$10/t rise for the remaining FY22, equating to ~13.7% rise on our base ...
World cost curve - hot rolled coil - 2019. A cost curve is shown of hot rolled steel coil ex-works production costs for all major world steelmakers with hot strip mill capacity of over 2 mt/year. Approx 180 steel plants from around the world are included in the analysis. The world's lowest cost producer of HRC in mid-2019 was judged to be Sidor in Venezuela, with a hot rolled coil cash cost of ...
Metallurgical coal cost curves are sourced from Wood Mackenzie, while iron ore cost curves are sourced from another confidential commercial provider (hereafter referred to as Analyst-B). Wood Mackenzie's data provide detailed cash cost of production estimates that cover approximately 70 per cent of global metallurgical coal supply (444 mines).
Thermal coal prices in export markets have continued to strengthen into the SepQ21 and producer currencies have weakened allowing record coal pricing in Australian dollar terms. Around half of TER's coal is export thermal coal and earnings are highly leveraged with a US$10/t rise for the remaining FY22, equating to ~13.7% rise on our base ...
• Much lower costs to produce pig iron in 2009 in light of reduced iron ore and coking coal prices. The steel industry's "World Cost Curve" is far flatter in the fall of 2009 than it was in the summer of 2008. • Rising scrappage of ocean vessels. This …
Image courtesy of JFE Steel. Iron ore prices fell sharply on Wednesday amid more expectations for crude steel production curbs in China for the remainder of the year. According to Fastmarkets ...
The average FOB price for Australian prime coking coal in 2019 was about USD 176/t, a y-o-y drop of roughly 15%. In comparison, supply costs for coking coal decreased only slightly, indicating that the profitability of met coal production decreased. The supply cost curve for both high and low calorific thermal coal decreased from 2018 to 2019.
Ore boxes are items that store metal ores. Initially, they can store up to 100 of each ore, increased by 20 for certain ores at certain Mining levels (see table below). Completing the Everything Is Oresome achievement (90 Mining required, boostable) also increases storage by 20 for all ores, allowing up to 140 to be stored. These two effects are independent of each other.
By using CRU's Iron Ore Cost Analysis Tool, we can see that during 2015 and 2016, iron ore prices bottomed out at the 95th percentile on the Variable Business Costs Curve. This is the point at which it became too painful for the highest-cost miners to produce and the market became increasingly concerned that some of them would halt operations.
In SMP August 2014. Global 'cost' curves for iron ore and coal provide an indication of the profitability of production at different price levels, which has implications for the future supply of these bulk commodities. These curves are based on the average variable costs of production of different mines, and are constructed by ranking ...