January 2021

IRON ORE DAILY: Seaborne prices buck downtrend amid firm buying interest

Seaborne iron ore prices were up on Friday January 29 amid firmer buying interest, market sources told Fastmarkets.

PRICING NOTICE: Open consultation on iron ore indices

Fastmarkets MB is inviting feedback on its iron ore indices, as part of its annual methodology review, in compliance with Iosco principles for price reporting agencies (PRAs).

China’s Baowu Steel in talks with Shandong Steel on merger

China’s Baowu Steel Group, the world’s largest steelmaker, is in talks with Shandong Iron & Steel Group Co for a potential merger.

IN CASE YOU MISSED IT: 5 key stories from January 28

Here are five Fastmarkets stories you might have missed on Thursday January 28 that are worth another look.

APEX 2020: Winners predict ‘firm but bumpy’ growth for base metals in 2021; bullish for gold

The winners of Fastmarkets’ Apex 2020 price forecast contest set out their projections for factors that will most influence base metals, precious metals and steel raw material prices in 2021, with Covid-19 vaccinations a constant.

IRON ORE DAILY: Prices slump amid weak mill margins ahead of Chinese New Year

Iron ore prices fell on Thursday January 28, with weak mill margins and expected crude steel production cuts weighing on market sentiment, sources told Fastmarkets

Rio Tinto announces new ESG-focused executive team following destruction of Aboriginal caves in Australia

Rio Tinto has created a new executive team and organizational structure to strengthen its environmental, social and corporate governance (ESG) credentials and rebuild trust, “particularly in Australia”, following the destruction of one of the country’s oldest Aboriginal heritage sites last year.

AT A GLANCE: FMG posts record iron ore shipments for H1 despite lackluster Q2

A summary of Fortescue Metals Group’s (FMG’s) iron ore results for the three months ended December 31, 2020, as stated in its latest production report released on Thursday January 28.

DCE diversifies physical deliverable brands for iron ore futures

China’s Dalian Commodity Exchange (DCE) is adding more iron ore brands for physical delivery and has adjusted the premiums and discounts for several existing products, to take effect for contracts beginning on February 2022, it said on Wednesday January 27.

IRON ORE DAILY: Seaborne iron ore prices broadly up on firmer prices in steel segment

Sentiment in the seaborne iron ore market improved on Wednesday January 27 because of an uptick in prices for steel products, sources told Fastmarkets.