July 2019

Vale’s iron ore fines output down 34% in Q2 on tailings dam disaster

Vale’s production of iron ore fines dropped by 33.80% year-on-year in the second quarter of 2018, amid restrictions resulting from a tailings dam accident at Brumadinho in Brazil and poor weather conditions in the north of the country.

TURKEY FERROUS SCRAP: Domestic market remains slow on summer lull

The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.

DAILY SCRAP REPORT: Prices up on new Baltic Sea cargo

A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.

PRICING NOTICE: Change to frequency of bauxite price assessments

Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly.

IRON ORE DAILY: Seaborne prices tumble amid restrictions in north China

Seaborne iron ore prices fell across the board on Monday July 22, amid environmental restrictions imposed on steelmakers in north China.

COKING COAL DAILY: Trading activity limited after active week

Trading activity in the seaborne coking coal market was muted on Monday July 22 after an active stretch last week.

Underperformance persists for seaborne iron ore concentrate, pellet markets

The iron ore concentrate and pellet segments remain lackluster, with prices underperforming in comparison with the general seaborne market last week.

SSAB forecasts good Q3 steel demand in US, weakening demand in Europe

Swedish steelmaker SSAB expects demand for heavy steel plate to remain strong in the United States during the third quarter of 2019 but sees demand for flat steel in Europe decreasing due to seasonal reasons.

WEEKLY SCRAP WRAP: Prices rising on higher Turkish import costs

Scrap prices in most global markets pushed upward in the week ended Friday July 19, in line with stronger Turkish import prices. But this excluded the Indian market, which was hurt by limited trading activity.

US PIG IRON: Deal prices up on lower availability

Several deals for pig iron were heard in the United States at higher prices during the week ended Friday July 19, mainly due to reduced availability of material from the Commonwealth of Independent States, sources said.