Seaborne iron ore prices were up on Tuesday September 29 amid the easing of sintering restrictions in Tangshan over October, trade sources said.
29 September 2020
Alex Theo
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.
29 September 2020
Miranda Song, Zihao Yu
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.
28 September 2020
Renato Rostás
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.
28 September 2020
Renato Rostás
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.
28 September 2020
Zihao Yu
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.
28 September 2020
Alex Theo
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.
25 September 2020
Alex Theo
The latest forecasts from Fastmarkets’ team of analysts are ready to view.
24 September 2020
Alona Yunda, Miriam Falk, Amy Bennett, Alexander Kershaw
Iron ore prices rebounded on Thursday September 24, aided by mills’ need to restock ahead of a holiday in China, sources said.
24 September 2020
Zihao Yu
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.
24 September 2020
Julia Bolotova
