August 2020

IN CASE YOU MISSED IT: 5 key stories from August 4

Here are five Fastmarkets stories you might have missed on Tuesday August 4 that are worth another look.

IRON ORE DAILY: Seaborne prices rise again on good demand from mills

Seaborne iron ore prices rose on Tuesday August 4 amid a healthy appetite for material among steel mills, according to traders.

FOCUS: Price fluctuations in high-grade iron ore key concern for China steel mills

The price fluctuations in the high-grade iron ore market remains a key concern for Chinese steelmakers, especially with iron ore fines prices hitting an intra-year high on August 3.

IRON ORE MONTHLY: 65-62% Fe spread narrows further

High steel production rates in China and confidence in the country’s economic performance sustained iron ore prices in July, though the high-grade 65% segment grew at a slower pace compared with the mid-grade one amid an increase in shipments from Brazil.

Brazilian iron ore exports dip 1% in July

Brazilian iron ore exports appear to be maintaining the pace of their recovery amid the Covid-19 pandemic, with volumes dipping by just 0.69% on the year in July.

British Steel to resume operational control of Immingham port facility

British Steel has regained control of port facility Immingham Bulk Terminal (IBT), the company said on Monday August 3.

IRON ORE DAILY: 65% Fe index records intra-year high amid strong China manufacturing PMI

Fastmarkets’ iron ore index for 65% Fe Brazil-origin fines, cfr Qindao reached a record high on Monday August 3 from one year earlier, with prices surging under better market expectations of future iron ore demand amid strong China manufacturing PMI, sources said.

Negotiations continue on Q3 DR pellet premium

Negotiations over premiums for direct-reduced (DR) iron ore pellet for the third quarter of 2020 are still ongoing, sources told Fastmarkets.

Seaborne iron ore concentrate, pellets prices weaken amid limited demand

Prices for seaborne iron ore concentrate and pellets eased further in the week ended Thursday July 30 due to limited demand and high inventory levels at Chinese ports, trading sources told Fastmarkets.