December 2021

Iron ore prices up; Tangshan lifts pollution-related curb from January 1

Seaborne iron ore prices inched higher on Friday December 31, with market sentiment being supported by resumed production at mills and the removal of production curbs in Tangshan, sources told Fastmarkets.

Five key stories from December 30

Here are five Fastmarkets stories you might have missed on Thursday December 30 that are worth another look.

Steelmaking raw materials set for volatile year amid deluge of uncertainties: 2022 preview

China’s road to decarbonization caused quite a stir in the steelmaking raw materials segment in 2021, and market participants expect more uncertainties in 2022.

Resumptions at mills spur iron ore demand and prices

Seaborne iron ore prices reversed up on Thursday December 30 after an increase in the volume of steel products in the week ended December 30, sources told Fastmarkets.

Five key stories from December 29

Here are five Fastmarkets stories you might have missed on Wednesday December 29 that are worth another look.

Usiminas annual iron ore output surpasses 9 million tonnes for first time

Mineração Usiminas (Musa), a 70:30 joint venture between Brazilian steelmaker Usiminas and Japan-based conglomerate Sumitomo, has produced more than nine million tonnes of iron ore in a year for the first time, it said on Tuesday December 28.

Poor demand continues to weigh on iron ore prices

Seaborne iron ore prices dipped further on Wednesday December 29 amid weak replenishment demand from mills in the spot market and a bearish outlook in the futures market, sources told Fastmarkets.

Vale, Anglo American discuss joint development of Serpentina iron ore project in Brazil

Vale and Anglo American have had preliminary discussions about jointly developing the Serpentina iron ore project in Brazil, both companies announced on Tuesday December 28.

Iron ore prices dip further; Tangshan production cuts continue

Seaborne iron ore prices continued to decrease on Tuesday December 28, with Tangshan city continuing a new round of steelmaking production cuts spanning December 27-31 to improve air quality, market sources told Fastmarkets.

Iron ore prices down amid weak steel market

Seaborne iron ore prices trended lower on Monday December 27, with steel prices continuing to fall after more mills gradually resumed production this month, market sources told Fastmarkets.