High Grade Magnetite & Hematite Iron Ore Fines, Lumps & BF or DRI Pellets from Mines & Manufacturers.
Already being in business with Steel Manufacturers as we supplied metal scrap to them and with a strong brand value, Cangem Global could attain a strong presence in the iron ore exports as one of the leading suppliers. We can supply iron ore fines, lumps & BF or DRI pellets from Mexico, Brazil, Australia and India directly from mines. We work directly with end sellers, manufacturers, end buyers and mines. We can work with brokers but there are certain guidelines that brokers need to follow before contacting us.
Spot iron ore prices rose to around $130 a dry metric ton in August, 2020, tracked as per commodity price reporting agency Argus. This is the highest level since 2014. The prices were around $135.8 per dmtu in December 2013.
In July 2020, China imported a record 112.65 million metric tons of iron ore, a rise of 24% from a year ago and up 10.8% from June.
In December 11, 2015, the iron ore prices sunk to a record low of $38.30 PMT CFR and just 3 months later, on March 02, 2016, the price was $52.6 PMT CFR. The biggest ever gain in the prices of iron ore then was recorded on March 07, 2016 when the spot iron ore price rose to $64.40 PMT CFR with a gain of $10.70.
Iron ore prices have been fluctuating for the past few years, so we offer iron ore based on fixed price spot or Platts based term contracts.
We can offer price based on Platts on 12 months contract. For Corporate Offers, please contact our corporate office. We mostly quote CIP or CFR; however, sometimes we prefer FOB. Cangem Global can supply both magnetite and hematite iron ore grades. High grade iron ore with Fe 63.5% + upto 71% possible. We can supply iron ore Fe 56-58% also from India. Cangem can supply iron ore fines, lumps and BF or DRI pellets
There are tons of brokers involved in the industry and unfortunately not more than a small percent of them are actually doing iron ore business. Cangem Global mostly deals with direct sellers of iron ore, miners and end buyers who are mostly steel manufacturers or investor traders; however, we also deal with select facilitators. So, if you receive any offer from Cangem from a third party, we implore you to verify it with our office in Canada.