October 2021

AT A GLANCE: BHP to increase iron ore capacity to 330mln tpy at Port Hedland

A summary of BHP’s operational review for iron ore and metallurgical coal for the quarter ended September 30, 2021, as released on Tuesday October 19.

AT A GLANCE: Vale's Q3 iron ore output up 0.8%, shipments rise 2.2%

A summary of Brazilian miner Vale’s iron ore results for the third quarter of 2021, as stated in its latest production and sales report published on Tuesday October 19.

Chinese steel plate export prices slide on inactivity

Export prices for Chinese heavy steel plate decreased slightly in the week to Tuesday October 19 amid thin trading due to a combination of high offers, weak demand and costly freight.

IN CASE YOU MISSED IT: 5 key stories from October 19

Here are five Fastmarkets stories you might have missed on Tuesday October 19 that are worth another look.

Mexican ferrous scrap prices fall on wide gap between buyers

Steel scrap prices in the main Mexican markets of Monterrey and Bajio continued their downward trend in the week ended Friday October 15, but prices diverged widely between buyers.

GULF STEEL BILLET, REBAR: Market awaits new local prices, expects rise of $30 per tonne

Steel rebar and billet buyers in the United Arab Emirates were waiting for new local rebar prices to be announced in the week ended Tuesday October 19; they expect a price increase of around $30 per tonne, sources told Fastmarkets.

Asia steel billet importers fear more volatility in coming months

Expectations of further volatility in the steel markets for the remainder of 2021 were influencing buying habits among some importers of steel billet in Asia, sources told Fastmarkets on Tuesday October 19.

Russia removes or reduces duties on ferro-alloy exports

The Russian government has removed or reduced existing export duties on ferro-alloys, effective October 15, after responding to domestic industry concerns, trade sources said.

GULF FLAT STEEL IMPORTS: Prices keep rising despite poor demand

Prices for flat steel imports into the United Arab Emirates and Saudi Arabia continued to increase during the week ended Tuesday October 19, but demand was not strong in either country, sources have told Fastmarkets.

CIS STEEL BILLET: Suppliers aggressive but no higher deals

Exporters of billet from the Commonwealth of Independent States aggressively increased offers on October 19, although no sales were heard at the higher levels.