March 2019

IRON ORE DAILY: Australian cyclone jitters buoy seaborne prices

Seaborne iron ore prices rose on Friday March 22 after cyclone updates from Australia led to supply concerns and pushed up swaps prices.

Vale gets state agency nod to restart Brucutu iron ore mine

Vale has received the go-ahead from a state agency to restart mining operations at its 30-million-tonnes-per-year Brucutu iron ore mine in Minas Gerais, in southeastern Brazil.

IN CASE YOU MISSED IT: 5 key stories from March 21

Here are five Fastmarkets MB stories you might have missed on Thursday March 21 that are worth another look.

IRON ORE DAILY: Prices rangebound despite fresh Vale disruption, Australian cyclone

Physical iron ore markets on Thursday March 21 were relatively unfazed by news of potentially more supply disruptions from Vale’s Brazilian operations and from cyclone-hit Australia.

Vale warns of another 10mln-tpy disruption due to Alegria mining halt

Brazil’s Vale has issued a warning over another potential iron ore production impact of as much as 10 million tonnes per year due to the suspension of operations at its Alegria mine in Minas Gerais state.

Fastmarkets MB 65% Fe iron ore index used as basis of settlement for 2019 iron ore pellet contracts, sources say

The use of Fastmarkets MB’s iron ore indices in physical contracts continues to widen, with several market participants confirming in recent weeks that they have settled 2019 term contracts using the Fastmarkets MB 65% Fe iron ore index as the base.

IRON ORE DAILY: Prices drop in expectation of Vale supply revival

Iron ore prices fell on Wednesday March 20 after Brazilian miner Vale announced it has been given the go-ahead to restart operations at its Laranjeiras tailings dam in Minas Gerais state.

Steelmaking Raw Materials Trade Log, March 20, 2019

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

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

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

Vale allowed to resume operations in 30 mln-tpy iron ore mine

A court in Brazil’s southeastern Minas Gerais state has authorized miner Vale to resume operations at its Laranjeiras tailings dam, connected to the Brucutu iron ore mine, which has capacity for 30 million tonnes per year.