May 2020

IN CASE YOU MISSED IT: 5 key stories from May 26

Here are five Fastmarkets stories you might have missed on Tuesday May 26 that are worth another look.

EU GREEN STEELMAKING: ArcelorMittal receives $82m EIB loan for two projects

Steelmaker ArcelorMittal is to receive a €75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.

IRON ORE DAILY: Seaborne iron ore prices down as supply concerns ease

The prices for seaborne iron ore went down on Tuesday May 26 with market sources saying that Brazilian miner Vale’s weekly iron ore shipments increased, easing market concerns about supply.

Seaborne iron ore concentrates, pellet follow fines market up

The seaborne iron ore concentrates and pellet market followed the uptrend in the iron ore fines market, but at a slower pace, in the week to Friday May 22, sources said.

South Africa to further ease nationwide restrictions from June 1

South Africa will further ease nationwide restrictions aimed at preventing the spread of Covid-19 from June 1, allowing the vast majority of the economy to return to production, according to a public address by the country’s president on Sunday May 24.

IN CASE YOU MISSED IT: 5 key stories from May 22

Here are five Fastmarkets stories you might have missed on Friday May 22 that are worth another look.

Miners, smelters can’t cut corners when curtailing production, former Anglo CEO says

Miners and processors considering production cuts cannot ignore safety or care and maintenance, including of associated asset infrastructure, the former chief executive officer of Anglo American said.

Post-Covid-19 changes likely permanent, former Anglo American CEO says

The metals and mining industry will need to make permanent, fundamental changes to the way it operates as a result of the Covid-19 pandemic, the former chief executive of Anglo American told Fastmarkets.

Brazilian iron ore exports ‘normal’ despite Covid-19 rise, Usiminas says

Brazilian iron ore exports are not being affected by the increase in Covid-19 cases in the country, despite recent data showing a slowdown, Usiminas’ mining arm director Carlos Rezzonico said in a conference call on Friday May 22.

IRON ORE DAILY: Seaborne iron ore prices inch down amid China’s twin sessions

Seaborne iron ore prices dipped slightly on Friday May 22 with the opening of China’s twin sessions, in which, for the first time since 1994, no gross domestic product growth target was set by the Chinese government.