Press releases from The Steel Index

The Steel Index (TSI) is pleased to announce the launch of a price change index for European cold heading boron-alloyed steel wire rod, a key material for fasteners used in the automotive industry.

The volume of iron ore swap contracts cleared in October surged to another all-time high, smashing the previous record set in August. Over 9 million tonnes of swaps and options with a nominal value of around US$1.4 billion were cleared during October, wit

Iron ore markets have dropped precipitously over the last month, with The Steel Index (TSI)’s 62% Fe grade slumping -23.7% over a four week period, from US$172.6/dry tonne (dmt), to US$131.70/ dmt on 25 October 2011.

The volume of iron ore derivative contracts cleared using TSI’s iron ore price index hit a new record of over 6.6million tonnes in August, an increase of more than 50% on the previous monthly record set in July. The nominal value of these derivatives - in

Spot prices for iron ore fines rose during August, supported by tight supply and strong buying interest in advance of an anticipated seasonal improvement in Chinese steel demand from September.

The volume of Over-the-Counter (OTC) iron ore swap contracts cleared in July reached a new high, smashing the previous record reached in May this year. Over 4 million tonnes of swaps with a nominal value of more than US$700 million were cleared during the