September 2020

EXCLUSIVE: Vale settles Q4 DR pellet premium lower than Q3; keeps BF pellet premium steady

The benchmark premium for blast furnace (BF) iron ore pellet for the fourth quarter of 2020 is level with the previous quarter, while the premium for direct-reduced (DR) pellet fell, according to trade sources.

IN CASE YOU MISSED IT: 5 key stories from September 3

Here are five Fastmarkets stories you might have missed on Thursday September 3 that are worth another look.

IRON ORE DAILY: Healthy steel outlook prompts bullish seaborne prices

Seaborne iron ore prices were up on Thursday September 3 amid market anticipation of a healthy demand outlook for steel, trade sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from September 2

Here are five Fastmarkets stories you might have missed on Wednesday September 2 that are worth another look.

IRON ORE DAILY: Prices surge on strong steel demand outlook

Iron ore prices gained ground on Wednesday September 2 in line with China’s downstream steel futures price performance due to strong demand expectations for September and October, sources said.

Brazilian iron ore exports fall 7.4% year on year in August, ministry says

Brazilian iron ore exports totaled 31.33 million tonnes in August, down by 7.4% from 33.82 million tonnes a year earlier, the country’s ministry of economy said on Tuesday September 1.

EU GREEN STEELMAKING: SSAB Hybrit joint venture starts first fossil-free steel plant

Swedish steelmaker SSAB, state-owned iron-ore producer LKAB and power company Vattenfall have started test production at their joint-venture pilot plant where they hope to produce direct-reduced iron (DRI) without the use of fossil fuels, the companies said on Monday August 31.

FOCUS: Market eyes improved iron ore concentrate premiums in Q4

Market participants believe iron ore concentrate premiums - rather than those for high-grade fines - will improve closer to the onset of winter when Chinese steelmakers start to adapt to strict anti-pollution measures imposed by authorities.

IRON ORE DAILY: Strong buying interest at ports for low-grade fines; seaborne prices rangebound

Seaborne iron ore prices were rangebound on Tuesday September 1 while port side trading activity showed an increased interest toward low-grade fines, trade sources told Fastmarkets.

IRON ORE MONTHLY: 65/62% Fe spread narrows below $10 per tonne in August

The price spread between mid-grade iron ore and high-grade products narrowed to under $10 per tonne in August amid a major uptrend in the seaborne market for the steelmaking raw material, eating into the profitability of mill in China.