January 2020

Brazilian prosecutors’ office charges Vale, TÜV SÜD and 16 people in relation to Brumadinho disaster

The Minas Gerais state prosecutors’ office, MPMG, has charged miner Vale, consulting company TÜV SÜD and 16 people - including former Vale chief executive Fabio Schvartsman - for homicide and environmental crimes, according to a document made public on Tuesday January 21.

PRICING NOTICE: Fastmarkets moves to annual methodology reviews across PRA divisions

Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.

IRON ORE DAILY: IOCJ is star performer in pre-holiday lull

Iron ore trading was quieter on Tuesday January 21, with Iron Ore Carajas (IOCJ) continuing to be the top performer in the run up to the week-long Chinese New Year holiday, which starts on Friday.

IN CASE YOU MISSED IT: Five key stories from January 20

Here are five Fastmarkets MB stories you might have missed on Monday January 20 that are worth another look.

AT A GLANCE: NLMK 2019 steel output down 10% on major repairs, sales down 3%

A summary of the financial results for Russia’s largest steelmaker, Novolipetsk Steel (NLMK), for both the fourth quarter of 2019 and the full year.

IRON ORE DAILY: Prices mostly rangebound, IOCJ strong, ahead of Chinese New Year

Iron ore prices were largely rangebound on Monday January 20, with some market participants already off for the Chinese New Year holiday, although upward momentum remained for high-grade Iron Ore Carajas (IOCJ).

AT A GLANCE: Severstal crude steel output decreases in 2019

A summary of the production results for Russian steelmaker Severstal for the total year in 2019.

High-grade iron ore derivative reaches second highest monthly traded volumes

The total traded volume for the high-grade 65% Fe iron ore futures on the Singapore Exchange (SGX) rose in January 2020, with 25,750 lots - or 2.575 million tonnes - being cleared as of January 20 at 2:30pm Singapore time.

Seaborne iron ore pellet market still strong, but concentrate premiums shrink

Seaborne iron ore pellets prices continued to rise last week on steady demand, while premiums for some brands of concentrate softened.

IRON ORE DAILY: Brazilian fines prices gain amid supply jitters

Iron ore Carajas (IOCJ) and Brazilian blended fines (BRBF) transactions took place at higher prices on Friday January 17, in anticipation of limited supplies of both brands in February-March, traders told Fastmarkets.