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Press releases from The Steel Index

25 February 2010: Iron ore spot price hits new high

The Steel Index (TSI) daily iron ore reference price for 62% Fe content fines hit a new high today, reaching US$133.10 per dry metric tonne CFR Tianjin port in China.

The Steel Index (TSI) daily iron ore reference price hit its highest level in 12 months today, reaching US$107.40 per dry metric tonne.

The Steel Index (TSI) has begun weekly publication of the ‘spread’ between its transaction-based rebar prices for Northern and Southern Europe and the London Metal Exchange’s (LME) Mediterranean billet cash settlement prices.

The Steel Index daily iron ore price reference price reached US$104.1 per dry metric tonne today.

The iron ore spot price hit a new high of US$ 81.7 per tonne today (for 62% Fe content fines delivered CFR China Tianjin Port), according the latest reference price published by The Steel Index (TSI).

The Steel Index (TSI) will increase the publication frequency of its iron ore reference prices from weekly to daily from the beginning of June.

LCH.Clearnet has confirmed it will launch its cleared OTC iron ore swap contract using exclusively The Steel Index (TSI) iron ore reference price for settlement.

Singapore Exchange announced today that it is launching the world’s first clearing facility for OTC iron ore swaps and will use The Steel Index (TSI) iron ore reference prices for settlement.

The Steel Index is now compiling weekly reference prices for spot transactions of iron ore sinter fines delivered to China. The first iron ore price data was submitted to The Steel Index (TSI) this week by Chinese buyers and international sellers, base

The Steel Index weekly reference prices for steel coil products in the USA have surged to 12-month highs and continue to rise sharply. Prices for steel coil products in the USA have hit their highest levels for more than a year...

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