August 2017

IRON ORE PRICES: Benchmark index recovers to $79 per tonne cfr China

Iron ore prices recovered on Thursday August 31 and rose to almost $79 per tonne cfr China after the Chinese ferrous futures market rebounded following a subdued start to the day.

Seaborne iron ore lump premiums surge on expected production caps

Iron ore lumps have outperformed fines of late with premiums for seaborne cargoes of such materials soaring to a 2.5-year high amid low port inventories and expectations of restrictions on sintering activity for the rest of the year.

China AM: Ferrous futures up on as steel PMI rises further

China’s ferrous futures started the morning weak on Thursday August 31 but recovered the losses upon the release of the latest purchasing managers’ index (PMI) for the country’s steel sector.

Brazilian court suspends decree to release Amazon reserve for mining

A Brazilian court in the country’s federal district has suspended the decree that would release a vast national reserve in the Amazon region for private mining exploration.

IRON ORE PRICES: Benchmark index stays around $76 per tonne cfr China

Iron ore prices stayed relatively flat at around $76 per tonne cfr China on Wednesday August 30, as market participants retreated to the sidelines after the spot steel markets weakened.

Rio Tinto opens Silvergrass iron ore mine

Rio Tinto has officially opened its 10 million-tpy Silvergrass iron ore mine in Western Australia.

Softening Chinese steel prices keep iron ore market muted

The seaborne iron ore market was in a lull on Wednesday August 30 amid falling steel prices in China, though enquiries were still made for Pilbara Blend fines, Newman fines as well as lumps and pellets.

China AM: Ferrous futures little changed after Tuesday night losses

China’s ferrous futures were largely rangebound during morning trading on Wednesday August 30 after big decreases during the previous night’s session.