September 2020

IRON ORE DAILY: Easing October sintering restrictions prompt seaborne price support

Seaborne iron ore prices were up on Tuesday September 29 amid the easing of sintering restrictions in Tangshan over October, trade sources said.

FOCUS: HRC vs iron ore - who is leading whom?

Steel market participants often identify iron ore as the key driver of steel prices because mills typically formulate their pricing strategies based on raw material costs - but this appears to have changed in 2020.

Vale suspends concentration at Viga mine; 11,000 tpd at risk

Brazilian iron ore miner Vale has suspended concentration activities at its Viga mine, in the Brazilian southeastern Minas Gerais state, due to a judicial ruling demanding it stops using a related tailings dam, the company said on Monday September 28.

Cleveland-Cliffs buys ArcelorMittal US assets for $1.4bln

Cleveland-Cliffs has reached a definitive agreement to buy ArcelorMittal USA and its subsidiaries for around $1.4 billion, which will make it the largest flat-rolled steel producer in the country, the company said on Monday September 28.

IRON ORE DAILY: Active pre-holiday restocking supports prices

Iron ore prices were mostly higher on Monday September 28 due to active buying in the physical market by mills who were restocking ahead of the week-long National Day holidays in China, sources said.

Seaborne prices for iron ore concentrate, pellets slump amid weak demand

Prices for seaborne iron ore concentrate and pellets slumped in the week ended Friday August 25 amid a bearish outlook for steel demand and an oversupply of steelmaking raw materials at Chinese ports, according to sources.

IRON ORE DAILY: Mills turn to low-grade fines amid shrinking margins

Mid-grade fines prices made limited movements on limited trading activity but low-grade fines were heard to be popular with the mills again amid shrinking margins, trade sources said.

RESEARCH: Iron ore, coking coal prices to continue to diverge

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

IRON ORE DAILY: Seaborne prices nudge higher on continued pre-holiday restocking by Chinese mills

Iron ore prices rebounded on Thursday September 24, aided by mills’ need to restock ahead of a holiday in China, sources said.

NLMK resumes iron ore concentrate output after two-week downtime

Novolipietsk Steel (NLMK), the largest steel producer in Russia, has resumed iron ore concentrate output at its Stoilensky mining and processing plant after two weeks of downtime due to an accident, the company said.