November 2020

Vale to resume 6mln tpy iron ore unit Serra Leste; expand to 10mln tpy

Brazilian iron ore producer Vale has been granted an installation license to resume and expand operations at the Serra Leste unit, which has been halted since January last year, the company said on Friday November 27.

IRON ORE DAILY: Firm downstream demand, outlook support seaborne market

Seaborne iron ore prices continued on an uptrend on Monday November 30, supported by strong demand for steel products.

Iron ore concentrate, pellets prices stable at highs

Prices for seaborne iron ore concentrate and pellets inched up in the week to Friday November 27 amid increased demand for concentrate and tightened supply of pellets, market sources told Fastmarkets.

Usiminas to maintain iron ore output at 8-9 million tpy, CFO says

Brazil’s Usiminas is expecting production from its mining division Mineração Usiminas (Musa) to remain relatively stable in the coming years at 8-9 million tonnes per year of iron ore, chief financial officer Alberto Ono said on Friday November 27.

IRON ORE DAILY: Prices continue to rise amid decline in port inventories

Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,

IN CASE YOU MISSED IT: 5 key stories from November 26

Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.

RESEARCH: Key takeaways from Coaltrans Asia; what to expect for scrap, metallics demand in China

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

IRON ORE DAILY: Prices up amid steel inventory decrease

Iron ore prices gained on Thursday November 26 on support from decreasing steel inventories, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from November 25

Here are five Fastmarkets stories you might have missed on Wednesday November 25 that are worth another look.

Traders caught in middle of sea freight increase; disruptions worsening

The recent surge in container freight costs and availability of cargo space continue to disrupt trade flows in minerals and metals, with trading companies finding themselves unable to dodge the soaring shipping rates.