April 2020

AT A GLANCE: Erdemir Group Q1 earnings down on lower production, sales

A summary of the financial results for Turkey’s largest steelmaking group, Erdemir, for January-March 2020.

Russian miners, steelmakers request equal access to eastbound rail

The Russian Steel Association has called for equal access to the country’s railway infrastructure so that its members can export goods to eastern destinations, according to a local news report published earlier this week.

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

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

IRON ORE DAILY: Seaborne prices up despite slower trading

Prices in the seaborne iron ore market continued to gain ground on Thursday April 30, in line with higher futures curves for steel rebar, but trading activity in the seaborne and Chinese portside markets slowed down before China’s Labor Day holiday on May 1.

Vale expects lower premium for high-grade iron ore amid recovering Chinese production

Brazil's Vale expects the price premium for high-grade iron ore fines to decrease in the second quarter compared with those in the first, with production in China resuming.

Vale expects Samarco JV to return in December, Timbopeba to reopen on Monday

Brazil-based miner Vale has confirmed the official schedule for a resumption of production at its Samarco iron ore pellet joint venture in December 2020, while its wholly owned Timbopeba mine was expected to reopen on May 4, chief financial officer Luciano Siani said in a conference call on Wednesday April 29.

AT A GLANCE: Vale’s earnings down 26% in Q1

A summary of Brazilian mining company Vale’s financial results for the first quarter of 2020.

IRON ORE DAILY: Seaborne prices hold up beside active portside market

The seaborne iron ore market was mostly unchanged on Wednesday April 29, with Pilbara Blend fines closing around $80 per tonne, and with active Chinese portside trading before the country’s Labor Day holiday on May 1.

IRON ORE DAILY: Seaborne prices drop following futures curve

Seaborne iron ore market prices fell on Tuesday April 28, following the momentum in the iron ore futures curve on the Dalian Commodity Exchange.

BHP seeks to increase iron ore export capacity

BHP is consulting with relevant stakeholders on options to increase its licensed iron ore export capacity to over 290 million tonnes per year from Hedland, the shipping hub in Western Australia, it told Fastmarkets on Tuesday April 28.