October 2020

FOCUS: Potential ban on Indian pellet exports to heighten competition for seaborne supply

A potential ban on iron ore pellet exports by India would exacerbate an expected increase in competition for seaborne cargoes in Asia in the fourth quarter of this year, market participants told Fastmarkets this week.

IRON ORE DAILY: Rising prices supported by growing demand for steel

Iron ore futures and seaborne prices both rebounded on Friday October 30, supported by growing demand for steel, although trading activity in the physical market remained limited, sources told Fastmarkets.

AT A GLANCE: FMG achieves record financial Q1 iron ore shipments

A summary of Fortescue Metals Group’s production results of iron ore for its financial first quarter ended September 30, 2020, as stated in its latest production report released on Thursday October 29.

AT A GLANCE: Vale Q3 earnings up 32% on higher iron ore prices

Brazil-based miner Vale showed an increase in its earnings before interest, taxes, depreciation and amortization (Ebitda) of 32.41% year-on-year in the third quarter of 2020, because of strong prices backed by Chinese demand.

IRON ORE DAILY: Seaborne prices ease amid limited trading

Seaborne iron ore prices were rangebound on Thursday October 29 amid market participants adopting a wait-and-see stance, sources told Fastmarkets.

SSS 2020: Steel industry must do more to innovate, Tata Steel says

The steel industry must innovate further and look to other sectors for solutions, Tata Steel chief executive TV Narendran said during Fastmarkets’ Steel Success Strategies 2020 virtual conference on Wednesday October 28.

SSS 2020: India steel growth rate to continue rise but 2030 output forecast unlikely - Tata Steel

India will miss its forecast steel targets in 2030, but the sector should continue to grow on increased government spending, Tata Steel chief executive T.V. Narendran said during Fastmarkets Steel Success Strategies 2020 virtual conference on October 26-28

IRON ORE DAILY: Low rebar inventories indirectly spark rise in seaborne iron ore prices

Seaborne iron ore prices were up on Wednesday October 28 amid an uptrend in the futures market, which was prompted by low steel reinforcing bar (rebar) inventories, sources told Fastmarkets.

AT A GLANCE: Record iron ore deliveries drive LKAB's Q3 performance

A summary of Swedish state-owned iron-ore producer LKAB’s financial results for the third quarter of 2020 ended September 30.

IRON ORE DAILY: Prices inch up on sentiment recovery in raw materials

Iron ore prices in the futures and seaborne markets rebounded on Tuesday October 27, with the increase in coke prices and drop in iron ore shipments supporting the sentiment recovery in the raw materials markets and helping iron ore prices to rise slightly, sources said.