November 2017

Seaborne iron ore prices rise further amid futures, rebar price gains

Physical iron ore prices continued to be buoyed by gains in the futures and steel markets on Thursday November 30, especially a surge in rebar prices.

Fortescue Metals Group targets greater high-grade iron ore production

Fortescue Metals Group (FMG) aims to make the bulk of its iron ore production above 60% Fe in order to “compete head to head” in the higher grade markets, it said on Thursday November 30.

China AM: Futures uptrend sustained, coking coal outperforms

China’s ferrous futures gained across the board for a second day on Thursday morning November 30, with the benchmark coking coal contract being the outperformer with an increase of almost 5%.

Higher European iron ore pellet premiums boon to Cleveland-Cliffs: CEO

As European Union iron ore pellet premiums rise, Cleveland-Cliffs stands to benefit in its long-term contracts pricing, chief executive officer Lourenco Goncalves said at an investor presentation in New York on Wednesday November 29.

FOCUS: Iran to boost iron ore, HBI, DRI capacities to feed steelmaking expansion

Iran is working hard to expand its capacities for iron ore processing and the production of direct-reduced iron (DRI) and hot-briquetted iron (HBI) as it massively expands its steel production.

Shougang Hierro Perú blames strike for 53% fall in October iron ore output

Iron ore production at Peruvian miner Shougang Hierro Perú declined by 53.22% year-on-year in October, largely due to a workers’ walkout over wages during the month.

IRON ORE PRICES: Benchmark index hovers around $68 per tonne

Iron ore prices inched closer to $68 per tonne cfr China on Wednesday November 29 as the steel continued to gain strength.

Nigeria seeking to develop ores and alloys, industrial minerals sectors - mines minister

Nigeria must increase its exploration and marketing of ores and alloys and industrial minerals to grow its mining sector, the country’s minister for mines and steel development said on Tuesday November 28.

Iron ore fines, lump prices diverge on strong futures, steel prices

Iron ore fines were traded higher on Wednesday November 29, while lump trades were lower, amid strong futures and steel prices.

China AM: Futures advance across the board [CORRECTED]

China’s ferrous futures all trended higher during morning trading on Wednesday November 29, with the May contract of coke replacing the January one as the most traded.