Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Eurasian Resources sees iron ore prices at $55-$65/dmt for one year


Rising nickel prices, Indonesia's planned export ban on unprocessed ore, pose global challenges


Platts World Steel Review

Metals | Steel

15th Annual Steel Markets North America

LNG | Natural Gas

Petronet deal endorses Tellurian business model in crowded US LNG field

Eurasian Resources sees iron ore prices at $55-$65/dmt for one year

London — Iron ore and metals miner Eurasian Resources Group said Tuesday it expects iron ore prices have fallen sufficiently to levels reflecting fundamentals and will be stable for the next year at $55-$65/dry mt.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Iron ore prices may average close to current levels for the next 12 months, while short-term demand swings in China may be disruptive, the company highlighted in a market outlook.

China may reduce steel production by about 33 million mt between mid-November and the end of March 2018 in northern China to cut pollution, based on S&P Global Platts estimates. Iron ore 62% Fe prices have fallen from a recent monthly high of $75.31/dmt CFR China in August.

"We believe that iron ore prices have now corrected close to fundamentally justified levels, and will stay mostly within the $55-$65/dmt CFR China range over the next 12 months," ERG CEO Benedikt Sobotka said in a statement.

Platts assessed IODEX 62% Fe fines prices at $59.50/dmt on Tuesday, up $0.50 from Monday.

"Our long-term outlook on iron ore remains constructive," ERG added.

"While steel prices are likely to stay high during the winter period, lower production volumes due to strict seasonal air pollution control in China will impact iron ore demand."

Kazakhstan-focused ERG is a major iron ore exporter to Russia, supplying concentrate and pellets.

ERG last week said it secured revised terms for a $95 million revolving line of credit from Eurasian Development Bank on pre-export financing of iron ore supplies from the group's JSC Sokolov-Sarbai Mining Production Association complex.

--Hector Forster,
--Edited by Jonathan Dart,