April 2021

IRON ORE DAILY: Limited demand ahead of five-day holiday in China

Seaborne iron ore prices fell on Friday April 30 in a quiet market ahead of the May 1-5 Labor Day public holiday in China.

AT A GLANCE: FMG posts record high iron ore shipments in first 9 months of FY2021

A summary of Fortescue Metals Group’s (FMG) latest production report for the three months ended March 31, published on Thursday April 29.

AT A GLANCE: Brazil's CSN hits record-high Q1 Ebitda on steel, iron ore strength

A summary of production figures and financial results from Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) in the first quarter of 2021, as stated in its earnings report published on Wednesday April 28.

IRON ORE DAILY: Prices dip on China steel export rebate rate cut

Seaborne iron ore prices decreased on Thursday April 29 due to the depressed market sentiment following China’s steel export rebate rates cut and less trading activity before the Labor Day holiday in China from May 1-5, sources said.

Simandou iron ore project starts railway construction, tunneling works

The world’s largest iron ore project, Simandou, in the West African nation of Guinea has started railway construction and tunneling works.

AT A GLANCE: Ternium Q1 earnings jump on steel price uptrend

A summary of Latin American steel group Ternium’s financial results for the first quarter of 2021, as stated in its earnings report published on Tuesday April 27.

IRON ORE DAILY: Seaborne prices buck upward trend amid weaker demand

Seaborne iron ore prices eased on Wednesday April 28 amid weaker demand, especially at Chinese ports, according to market sources.

NEWSBREAK: China plans big changes to ferrous raw materials taxes from May 1

China is planning sweeping changes to its tax regimes for ferrous raw materials from May 1, its Ministry of Finance said on April 27.

FOCUS: India's Covid-19 surge might shake up steelmaking material trade flows

There may be significant swings in the prices and trade flows in the steelmaking raw materials market if the Covid-19 situation in India continues to worsen, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from April 27

Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.