March 2019

Flat steel import uptrend loses steam in South America as spot market remains muted

The South American flat steel import market remained uneventful during the past week, as participants in Brazil, the largest country in the region, kept away from spot deals, and prices from China, the most active seller, were still significantly higher than those locally.

Iran trade group expects steel exports to grow at start of new Iranian year

Iran’s steel export volumes are expected to increase in the new Iranian year, which started on March 21, according to Rasoul Khalifeh-Soltani, general secretary of the Iranian Steel Producers Association (ISPA).

Vale expects 11-mln-tpy impact on pellet output after dam disaster

Vale expects the various production restrictions that emerged in the last couple of months to affect its iron ore pellet output by 11 million tonnes per year, its chief financial officer Luciano Siani says.

Vale to cut iron ore sales by 50-75 mln tonnes in 2019, CFO says

Brazilian miner Vale expects iron ore sales volumes in 2019 to be cut by 50-75 million tonnes, from a previous internal, undisclosed target of 382 million tonnes of sales during the year, chief financial officer Luciano Siani said on Thursday March 28 in a conference call with analysts.

Vale realizes $68.40 per tonne for iron ore fines in Q4 2018

Vale achieved a price of $68.40 per wet metric tonne for its iron ore fines in the fourth quarter of 2018, the company said in an earnings report on Wednesday March 27.

UAE’s United Iron & Steel starts CRC production

United Arab Emirates-based United Iron & Steel Co (UISC) has started producing its own cold-rolled coil at its plant in Abu Dhabi for processing into hot-dipped galvanized coil.

China’s stainless steel imports, exports almost halved amid anti-dumping probe

Chinese import and export volumes of flat-rolled stainless steel shrank by nearly 50% year on year in February, amid the country’s ongoing anti-dumping investigation into stainless hot-rolled and semi-finished products.

Vale adopts Fastmarkets MB 65% Fe Iron Ore for 2019 pellet contracts

Brazil’s Vale has adopted the Fastmarkets MB 65% Fe Iron Ore Index as the reference for the pricing of contract cargoes of its blast furnace and direct-reduction pellets in 2019.

IN CASE YOU MISSED IT: 5 key stories from March 27

Here are five Fastmarkets MB stories you might have missed on Wednesday March 27 that are worth another look.

Chile's CAP sees lower iron ore shipments, higher prices in 2018

Iron ore shipments from Chilean iron ore and steel producer Compañía de Acero del Pacífico (CAP) fell by 13.20% in 2018, compared with the previous year, due to logistics problems.