August 2020

Seaborne prices for iron ore concentrate, pellets rise despite limited liquidity

Seaborne iron ore concentrate and pellet prices rose again in the week ended Friday August 21 amid rising futures despite a weakening of demand, sources told Fastmarkets.

EU GREEN STEELMAKING: Liberty Ostrava to reduce emissions with two hybrid furnaces

Liberty Ostrava, part of the Liberty Steel Group, will install two hybrid furnaces at its integrated steel mill in the Czech Republic as part of the company’s Greensteel plan to become carbon-neutral by 2030, it said on Thursday August 20.

IRON ORE DAILY: Prices correct after Tokyo Steel resumes steel exports to China

Iron ore fines prices were lower across the board on Friday August 21 after news Tokyo Steel will resume exports to China delivered a blow to market expectations for domestic steel production and demand for iron ore.

RESEARCH: Key takeaways from the latest Steel Raw Materials market tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

IRON ORE DAILY: Seaborne prices stable, port sales reflect steady demand

Seaborne iron ore prices were largely stable on Thursday August 20 in a much calmer market than the previous three days of trading, sources told Fastmarkets.

IRON ORE DAILY: Prices up amid decrease in China domestic iron ore output

Iron ore fines prices gained ground on Wednesday August 19 with healthy demand continuing, sources said, while the decrease in China domestic iron ore production in July could help push prices up.

IN CASE YOU MISSED IT: 5 key stories from August 18

Here are five Fastmarkets stories you might have missed on Tuesday August 18 that are worth another look.

BHP to invest further in 'future-facing' copper, nickel, potash

Miner BHP has identified what it has termed “future-facing commodities” in which it plans to invest further, based on trends for demand growth in the medium to long term – these are copper, nickel and potash.

INTERVIEW: Digital financing will ease liquidity strain caused by Covid-19, DBS says

Digital financing will ease a lot of strain businesses are facing on liquidity due to the Covid-19 pandemic, DBS Bank group head of trade product management Sriram Muthukrishnan told Fastmarkets in a recent interview.

IRON ORE DAILY: 65% Fe fines at 6-year peak amid firm demand from mills

Market participants believe that the strong demand from steelmakers has prompted seaborne iron ore prices to rise sharply on Tuesday August 18, Fastmarkets heard.