September 2020

NEWSBREAK: Rio Tinto CEO, iron ore boss to quit over destruction of Aboriginal caves

Rio Tinto chief executive officer Jean-Sebastien Jacques and iron ore head Chris Salisbury are to step down following criticism over the miner’s destruction of sacred Aboriginal caves in Pilbara, Western Australia.

IRON ORE DAILY: High steel inventories push raw material prices down

Iron ore prices in the seaborne market fell further on Thursday September 10, with market sources saying that although the fundamentals of iron ore remained stable, the high levels of steel inventories dragged prices downward.

IRON ORE DAILY: Seaborne prices ease amid limited demand; futures market weakens

Seaborne iron ore prices fell on Wednesday September 9 amid limited demand in the steelmaking hub of Tangshan, according to trade sources.

IN CASE YOU MISSED IT: 5 key stories from September 8

Here are five Fastmarkets stories you might have missed on Tuesday September 8 that are worth another look.

IRON ORE DAILY: Physical prices flat despite weak sentiment amid sintering restrictions

Iron ore prices in seaborne markets and ports were relatively stable on Tuesday September 8, while stricter sintering restrictions and market expectations of port congestion relief weakened bullish sentiment, sources said.

FOCUS: Japanese BF mills increase scrap intake on rising steel output, expensive iron ore

Japanese blast furnace(BF)-based steel mills have been using more scrap in their basic oxygen furnaces in recent weeks due to a rise in steel production and high costs for iron ore, market participants told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from September 7

Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.

IRON ORE DAILY: Stricter sintering restrictions in Tangshan boost interest for lump

Buying interest for iron ore lump has increased due to stricter sintering restrictions being imposed in the steelmaking hub of Tangshan, according to trade sources.

Seaborne iron ore concentrate, pellet prices rise on recovering demand

Seaborne iron ore concentrate and pellet prices went up in the week to Friday September 4 amid a recovery in demand, though high inventory levels at Chinese ports limited the uptrend, sources told Fastmarkets.

IRON ORE DAILY: IOCJ performs at ports despite futures market correction

Iron ore futures prices declined on Friday September 4 amid weak trading sentiment following the downturn in the US stock market. But with 57% Fe Indian fines traded in US dollars on the platform again in 2020, low-grade and high-grade fines performed well at ports on strong demand, sources said.