May 2020

EU STEELMAKER CLOSURES 29/05: ArcelorMittal to restart operation in Bosnia, Italy's Terni and AFV Beltrame reduce output

ArcelorMittal plans to restart production at its mill in Bosnia, while Italy’s AFV Beltrame puts one plant on pause and Acciai Terni Speciali cuts output in the week ended Friday May 29.

IRON ORE DAILY: Seaborne iron ore prices rise sharply on concerns over supplies from Brazil

Seaborne iron ore prices increased rapidly on Friday May 29 on growing concerns over supplies from Brazil.

JSW Steel slashes planned capex, delays projects on lockdown problems

Indian steelmaker JSW Steel will reduce its planned capital expenditure in 2020/21 to 90 billion Indian rupees ($1.19 billion), down from the previous figure of 163.4 billion rupees, and will also delay several projects, the company said in a recent results statement.

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 rise amid surge in mid-grade ore market activity

Seaborne iron ore went up on Thursday May 28 with mid-grade iron ores such as Newman fines and Pilbara Blend fines from Australia performing well, sources told Fastmarkets.

LKAB restarts iron ore mining at Kiruna at 30% capacity after earthquake

Swedish state-owned iron-ore producer LKAB has resumed production at its Kiruna mine after a “seismic event” last week, the company said on Wednesday May 27.

IN CASE YOU MISSED IT: 5 key stories from May 27

Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.

IRON ORE DAILY: Seaborne iron ore prices stable amid active trading

Seaborne iron ore prices regained some stability with active trading on Wednesday May 27, after falls the previous day that were triggered by an easing of supplies from Brazil.

FOCUS: 8 key effects of China's ‘twin sessions’ on global commodities trade

The annual sitting of the National People’s Congress of the People’s Republic of China and the Chinese People’s Political Consultative Conference - widely known as the ‘twin sessions’ - in Beijing released a series of stimulus packages for the development of China’s economy amid the Covid-19 pandemic.

China floats 'national iron ore fund' to boost domestic production

China is considering setting up a national iron ore fund to support the development of its domestic iron ore production, China Iron & Steel Association (Cisa) chairman He Wenbo said.