March 2021

IRON ORE DAILY: Prices down despite strong PMI in March

Iron ore prices continued their downtrend on Wednesday March 31, with trading sentiment still depressed amid low liquidity at ports, sources said.

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FOCUS: Will inflation impact copper, iron ore prices?

A sharp increase in inflation expectations for the US Dollar this year have led to heightened volatility across global assets and affected copper and iron ore prices, market sources told Fastmarkets.

Strike ends at Peru's Shougang Hierro iron ore mine

A 13-day strike at Shougang Hierro Perú's Marcona city iron ore mine in southwest Peru has ended, after mediation overseen by the labor authority of the Ica region, the company said this week.

IRON ORE DAILY: Prices fall on drop in port activity, weak rebar prices

Iron ore prices fell on Tuesday March 30, sources told Fastmarkets, due to the downtrend in rebar prices and reduced trading activity at Chinese ports.

Australia extends iron ore price outlook above $100 per tonne to late 2021

Australia expects the iron ore price to stay above $100 per tonne until late 2021 - instead of mid-2021 as it said in a previous report - and decrease to $72 per tonne by the end of 2026.

IN CASE YOU MISSED IT: 5 key stories from March 29

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

Cadence Minerals begins shipping from Brazilian iron ore project

Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Mineração's, in Brazil’s northern Amapá state, the company said on Monday March 29.

IRON ORE DAILY: Firmer steel prices support seaborne iron ore prices

Iron ore prices surged on Monday March 29, supported by firmer prices for steel and healthier margins, sources said.

FOCUS: Asia to be hit by ‘steel tsunami’ very soon

Asia will soon be hit by a “steel tsunami”, a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.