June 2019

Carpentaria Resources sees Middle East among key demand centers for its high-grade iron ore

Carpentaria Resources expects its planned high-grade iron ore product to find interest among buyers in the Middle East while the latter look to diversify supply options for pellet feed, managing director Quentin Hill said during an investor briefing this week.

DRI & PELLET 2019: Five things we learned about the DRI, pellet market

Fastmarkets MB’s World DRI and Pellet conference, held in Dubai last week, took place against a backdrop of challenging circumstances for the steel industry.

US PIG IRON: Reduced availability supports price

United States buyers resumed pig iron purchases in the week to Friday June 21 at higher prices on reduced pig iron availability, sources told Fastmarkets.

South Brazil pig iron export market down on lower priced sales

Export pig iron sales from the south of Brazil resumed at lower prices on a weak scrap market and long lead times, sources told Fastmarkets on Friday June 21.

PRICING NOTICE: Standardization of Fastmarkets’ price names

Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.

CIS PIG IRON: Market down on weak HRC prices, scrap

The market for pig iron exports from the Commonwealth of Independent States (CIS) has softened over the past week on weak finished steel products prices in the key outlets – the United States and Italy, according to sources.

DRI & PELLET 2019: Varied DRI feedstock ‘necessary for next 3-5 years’ amid DR pellet shortage

The need for flexible sourcing of direct-reduced iron (DRI) production feedstock will continue over the next three to five years, market participants said at Fastmarkets’ 7th World DRI and Pellet Congress in Dubai this week.

DRI & PELLET 2019: Samarco ‘likely to resume’ pellet production in H2 2020

Samarco - Vale and BHP’s iron ore pellet joint venture - is likely to restart its operations in Brazil’s southeastern Minas Gerais state in the second half of 2020.

South Brazil pig iron export prices down on weak scrap market

The price of pig iron exported from the south of Brazil decreased over the week ended Friday June 14 in line with the price decline for steel scrap material.

US PIG IRON: Buyers and sellers resist negotiations

The market for pig iron in the United States was calm and weak in the week to Friday June 14 as both buyers and sellers were not ready to negotiate deals, sources told Fastmarkets.