October 2016

LME Week 2016 – What’s on and where [UPDATED]

London Metal Exchange (LME) Week, the largest annual gathering of the mining and metals’ world, starts on October 30 this year.

China AM: Futures surge amid news of earlier completion of capacity cuts

China’s ferrous futures all soared during morning trading on Tuesday October 25, amid news that the country is completing its targeted steel and coal capacity cuts ahead of schedule.

Soaring coking coal prices push up iron ore pellet premiums, Macquarie says

The price surge in the coking coal market has sparked a preference for iron ore pellets and pushed up its premium, Macquarie says.

China’s iron ore output down 7% in September

China’s domestic iron ore production contracted further in September, while imports of the steelmaking raw material rose to a year-to-date high.

IRON ORE PRICES: Benchmark index inches closer to $60 per tonne cfr

Iron ore prices edged up slightly on Monday October 24, riding on the strength in the derivatives market.

Seaborne iron ore prices edge up on futures market gains

The physical iron ore markets were largely stable on Monday October 24, though seaborne trades at higher prices were reported after significant gains in the futures market.

IN FIGURES: China's imports of steelmaking raw materials in September

China imported its highest volume of iron ore in a single month so far this year in September, and saw Mongolia overtake Australia as its largest supplier of coking coal on competitive prices.

China AM: Futures mostly up after release of latest statistics

China’s ferrous futures rose during morning trading on Monday October 24, with the exception of the coking coal contract, following the release of statistics for major mills’ crude steel output as well as the country’s iron ore production.

HIGHLIGHTS: Coking coal price rally, iron ore output data, Samarco charges...

Latin America editor Ana Paula Camargo reviews the main steel market news covered by Metal Bulletin over the past week.