June 2021

IN CASE YOU MISSED IT: 5 key stories from June 30

Here are five Fastmarkets stories you might have missed on Wednesday June 30 that are worth another look.

IRON ORE DAILY: Supply concerns over steel output prompt firmer iron ore prices

Iron ore prices rose on Wednesday June 30 when concerns were raised about China’s overall crude steel output for 2021, sources told Fastmarkets.

FOCUS: Last hurrah for Yandi fines - what next for low-grade iron ore?

BHP announced in 2018 that the depletion of its 80-million-tonnes-per-year Yandi mine in its Western Australia iron ore operations would begin from the second half of 2021. Fastmarkets explores how the low-grade fines landscape will adapt to the loss of this key brand.

ENERGY TRANSITION: Anglo American trials biofuel in drive to decarbonize ocean freight

Global miner Anglo American has made a successful trial of the use of sustainable biofuel to power a chartered Capesize ship on a voyage from Singapore to South Africa, reducing carbon dioxide emissions by around 5% compared with using 100% conventional marine fuel, the company has said.

IRON ORE DAILY: Prices fall amid emissions restrictions in China, depressed market sentiment

Iron ore prices fell amid Chinese emissions restrictions and depressed market sentiment on Tuesday June 29, with the ongoing rainy season in southern China also dampening demand, sources told Fastmarkets.

IRON ORE DAILY: Prices rise despite further restrictions in Chinese steel industry this week

Iron ore prices increased on Monday June 28 even while market participants prepare for stricter restrictions on sintering, blast furnace operations and transportation of raw materials from June 29 to July 1 in certain areas in China.

Tepid steel demand outlook weakens seaborne iron ore concentrate, pellet prices

Seaborne iron ore concentrate and pellet prices fell in the week ended Friday June 25 due to a weaker demand outlook for steel, sources said.

IRON ORE DAILY: Steel uptick supports raw material prices but near-term concerns linger

Iron ore prices increased across the board on Friday June 25, boosted by an increase in downstream steel prices.

SSS 2021: Customer requirements, financing key drivers of decarbonization - panel

Customer requirements and financing will shape the decarbonization of the steel industry, panelists said at Fastmarkets’ 2021 Steel Success Strategies Industry Briefing earlier this week.

FOCUS: Low-grade iron ore back in favor amid narrowing margins

Chinese steelmakers are increasingly adjusting their sinter feed ratios to consist of more low-grade iron ore to go with the high-grade products they are already consuming - instead of mid-grade fines - amid rising costs and weakening margins, market sources said.