April 2018

Seaborne iron ore concentrate premiums rise as market activity picks up

The seaborne iron ore concentrate market saw higher premiums and increased enquiries last week.

STEEL WEEK IN BRIEF: Falling scrap prices, US quotas offered to Brazilian steel, Vale's Q1 results, pre-holiday mood in Chinese market

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

Shougang Hierro Perú's Q1 net profit down 41% on lower iron ore prices

Peruvian iron ore producer Shougang Hierro Perú saw its net profit fall by 41.29% year-on-year in the first quarter of 2018, due to lower sales prices.

Value-added iron ore product premiums to remain high in 2018, LKAB says

Swedish iron ore pellet producer LKAB forecasts that the price premium for upgraded iron ore products will remain high in 2018, although standard iron ore prices will still be under pressure in the marketplace.

IRON ORE DAILY: Market stalls ahead of holiday in China

Most iron ore market participants stayed away on Friday April 27 to cut their risk ahead of a 4-day trading break in China due to a public holiday over the first two days of next week.

Steelmaking Raw Materials Trade Log, April 27, 2018

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

China AM: Ferrous futures tumble ahead of Labor Day holiday

Ferrous futures in China softened during morning trading on Friday April 27, with market participants withdrawing to the sidelines ahead of a long weekend in the country due to its Labor Day break over the first two days of next week.

Vale's 2018 iron ore output target 'not affected' by lower Q1 volumes

Vale's fall in iron ore production in the first quarter of 2018 will not affect the Brazilian miner's output guidance for the year, executive officer for ferrous minerals and coal Peter Poppinga said this week.

DRI & PELLET 2018: Strong demand for high-grade pellets to continue, Vale says

Demand for high-quality iron ore pellets is likely to be supported by steel mills’ attempts to reduce their emissions levels, according to Humberto Oliveira, Vale’s head of technical marketing for the direct-reduction (DR) market.

India's NMDC lowers domestic iron ore prices

India’s largest iron ore miner NMDC lowered its domestic prices last week, in line with the softening overseas prices.