February 2021

IRON ORE DAILY: Low-grade iron ore attracts buyers amid falling coke prices

Iron ore prices increased on Friday February 26, with low-grade iron ore fines rising fast due to lower coke prices, sources said.

FOCUS: Inter-grade price spread for iron ore likely to stay wide until mid-2021

The spread between prices for 65% Fe iron ore and 62% Fe products will likely remain wide in the near term due to tight supply of high-grade Carajas fines, market sources told Fastmarkets this week.

IRON ORE DAILY: Prices rise on positive expectations of growth in demand for steel

Iron ore prices mostly increased on Thursday February 25, supported by healthy mill margins and expectations of a steady rise in demand for steel, sources told Fastmarkets.

IRON ORE DAILY: Steelmaker restrictions weigh on demand for seaborne material

Iron ore prices were largely rangebound on Wednesday February 24 due to limited demand from steel mills, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from February 23

Here are five Fastmarkets stories you might have missed on Tuesday February 23 that are worth another look.

AT A GLANCE: CSN posts record Q4 earnings on steel, iron ore performance

A summary of production figures and financial results from Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) for the fourth quarter and full-year 2020, as stated in its earnings report published on Monday February 22.

Strong oil prices, high vessel demand boost bulk freight rates

A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on Tuesday February 23.

IRON ORE DAILY: Positive short-term demand likely to limit any further falls after dip in seaborne prices

Iron ore prices went into reverse on Tuesday February 23 amid a correction after the surge on Monday, sources told Fastmarkets, but robust demand means prices should not fall much further.

FOCUS: Pessimistic outlook clouds iron ore pellets market

A bearish pall is emerging for the iron ore pellets market amid growing supply from Brazil and a shift in demand toward fines with the expected easing of sintering restrictions in China.

IRON ORE DAILY: 65% Fe Brazil-origin fines index at historical high

Iron ore prices increased on Monday February 22 on support from an increase in steel prices, although emissions restrictions in Tangshan area are likely to restrict operations, sources told Fastmarkets.