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Cliffs Natural Resources Inc. Message Board

  • jimjones62@rocketmail.com jimjones62 Jan 21, 2013 12:28 PM Flag

    iron ore futures jan 21 2013

    Brazil’s crude steel output down 1.5% in 2012

    Brazilian steelmakers produced 34.68 million tonnes of crude steel in 2012, a 1.5% decrease from the total output in 2011, according to new figures from the local steel association, IABr.


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    IRON ORE DERIVATIVES WRAP: Limited activity in swaps market
    Bookmark this article

    The iron ore swaps market had a quiet day on Monday January 21, with prices at similar levels to Friday, brokers told Steel First.


    Forward curve
    January $148/150
    February $143/144
    March $138/139.50
    Q2 $133.50/134
    Q3 $128/130
    Q4 $122.50/124
    2014 $144.50

    Sentiment: Strong Buy

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