August 2021

AT A GLANCE: FMG sets higher y-o-y iron ore shipment guidance for FY2022

A summary of Fortescue Metals Group’s (FMG) latest production report published on Thursday July 29, covering the three months to June 30

FMG says green energy arm 'making good progress' in decarbonization

Fortescue Metals Group's green energy company Fortescue Future Industries (FFI) is making good progress on its energy transition targets, the iron ore miner said in its earnings report released last week.

IN CASE YOU MISSED IT: 5 key stories from August 2

Here are five Fastmarkets stories you might have missed on Monday August 2 that are worth another look.

IRON ORE DAILY: Seaborne prices up with H2 steel cut plans in doubt

Iron ore prices mostly went up on Monday August 2 with the Chinese government being urged to pull back its aggressive carbon-reduction measures. This resulted in improved expectations for iron ore demand, because the proposed cuts in steel production for the rest of 2021 may be eased, market sources said.

FOCUS: Covid-19 resurgence in 8 Chinese cities casts doubt on steel demand recovery

The rapid spread of Covid-19 infections in at least eight major cities in China is casting doubt on the recovery of steel demand in the country for the rest of 2021, market sources said.

Seaborne iron ore concentrate, pellet prices fall further on bearish outlook

Seaborne iron ore concentrate and pellet prices fell again in the week ended Friday July 30 amid a pessimistic outlook for demand on anticipated steel production cuts in China.