June 2020

Strong demand sustaining iron ore prices despite Vale's restart of Itabira ops

Strong demand for seaborne iron ore and uncertainties over Brazilian supply of the steelmaking raw material continue to prop up spot prices despite Vale’s resumption of operations at its Itabira mining complex.

FOCUS: Yandi fines shine amid high-grade iron ore price surge

Low-grade Yandi iron ore are turning out to be the fines of choice for Chinese steelmakers amid surging prices for other higher-grade products, with spot trading activity for the low-impurity 57.1% Fe material increasing recently.

IRON ORE DAILY: Seaborne prices buckle amid lack of clarity on demand outlook

Seaborne iron ore prices weakened on Wednesday June 17 amid concerns over the demand outlook for steel products.

PEOPLE MOVES: BHP names Lamont as new CFO

BHP has appointed David Lamont as its new chief financial officer effective December 1, 2020, ahead of the departure of the current CFO Peter Beaven, the company announced on Wednesday June 17.

IRON ORE DAILY: Seaborne prices rebound amid weekly decrease in shipments

Seaborne iron ore prices went up on Tuesday June 16 following a rise in the futures market due to a weekly decrease in shipments from Australia and Brazil, sources told Fastmarkets.

IRON ORE DAILY: Seaborne prices weaken amid bearish outlook, futures dip

Seaborne iron ore prices weakened on Monday June 15, while Chinese futures slipped as well, Fastmarkets heard.

Seaborne iron ore concentrates, pellet prices rise after surge in fines prices

Trading activity in the seaborne iron ore concentrates and pellet markets was limited in the week to Friday June 12 after increases in line with rising iron ore fines prices.

IRON ORE DAILY: Seaborne prices rise after upturn in futures market [CORRECTED]

Seaborne iron ore prices increased on Friday June 12 after a solid rise in the futures market, sources told Fastmarkets.

Costlier raw materials drive up Southeast Asian billet prices

Prices for steel billet in Southeast Asia rose over the past week amid costlier steelmaking raw materials, sources said.

IRON ORE DAILY: Seaborne prices steady while market awaits China's weekly port inventory data

Seaborne iron ore prices were largely unchanged on Thursday June 11, while market participants waited for fresh data on port inventories in China