November 2019

IN CASE YOU MISSED IT: 5 key stories from November 15

Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.

IRON ORE DAILY: Seaborne prices still strong amid firm support from steady finished steel demand

Seaborne iron ore prices continued to climb on Friday November 15, with support from steady demand for steel products.

Vale pilots yuan futures-based iron ore sales

Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.

China Hongqiao-backed consortium wins rights for Guinea’s Simandou iron ore project

Guinea’s largest bauxite developer, SMB-Winning Consortium, has won a tender to develop two blocks of the Simandou project, the site of what is considered one of the world’s largest untapped deposits of high-grade iron ore.

IN CASE YOU MISSED IT: 5 key stories from November 14

Here are five Fastmarkets MB stories you might have missed on Thursday November 14 that are worth another look.

PRICING NOTICE: Change to Fastmarkets MB’s midpoints and averages

Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.

IRON ORE DAILY: High-grade fines index surges past $95/t

The Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao crossed the $95-per-tonne mark for the first time since October 25 on Thursday November 14.

FOCUS: Scrap could account for 50% of Chinese steel production by 2030

China’s annual scrap consumption could reach 330 million tonnes by 2030 and account for up to half of the country’s steel output, according to the China Association of Metal Scrap Utilization (Camu).

IN CASE YOU MISSED IT: 5 key stories from November 13

Here are five Fastmarkets MB stories you might have missed on Wednesday November 13 that are worth another look.

Henry to take over as BHP chief executive

Mike Henry has been named chief executive officer and executive director of BHP, effective from January 1, 2020.