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Request for Real Time Iron Prices: https://www.procurementresource.com/resource-center/iron-price-trends/pricerequest
Iron (Fe) is a hard, ductile, malleable metal that is whitish-silverish in colour. It begins to rust in humid environments. It is the most abundantly available metal in the earth’s inner and outer crust, occurring in meteorites in pure form and incorporated in most igneous rocks. It is crucial in all biological operations.
Some amount of iron is also present in the food consumed as well as in blood. It is primarily employed to make steel and is used to make various tools, vehicles, and buildings.
Australia, Brazil, Canada, Ukraine, and South Africa are the leading global Iron producing countries.
Key Details About the Iron Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the iron price, iron ore price and itaconic acid price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The iron price trend, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Iron Price Trend:
Steelmaking is one of the essential industrial uses that impacts the iron primarily. Iron is used to make steel alloys like carbon steel with additives including chromium, nickel, and tungsten, among others. The metal is further employed in civil engineering, such as reinforced concrete, girders etc.
Iron also finds application in the building of bridges, chains in bicycles, electricity pylons, cutting tools and rifle barrels etc. Its variant cast iron containing 3-5 percent carbon is used in valves, pipes, and pumps. Catalysts of iron are part of the Haber process that produces ammonia. The compounds and alloys of the metal can also make magnets.
Key Market Players:
- Tata Steel BSL Ltd
- Bharat Engineering Works
- Essar Steel
- Jindal Steel & Power Ltd
- JSW Steel
- Lloyds Metals and Energy Limited
News and Events:
- September 19, 2022 – There will likely be a decrease in export duties of iron ore and steel intermediates by the government. The change is required as high levies on the following metals have negatively impacted the nation’s widespread mercantile exports.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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