April 2021

Vale signs definitive deal to buy Mitsui stake in Mozambique coal business

Brazilian iron ore and base metals producer Vale signed a definitive agreement with Japanese trading company Mitsui on Monday April 19 to acquire the latter's interest in the Moatize coal mine and the Nacala Logistics Corridor, both in Mozambique.

DAILY STEEL SCRAP: Mills push for lower deep-sea prices

Turkish steel producers continued to push for lower deep-sea scrap prices, while suppliers in the Baltic Sea and United States continued to maintain higher offers, market participants told Fastmarkets on Tuesday April 20.

PRICING NOTICE: Proposal to amend frequency of India shredded steel scrap index

Fastmarkets proposes to increase the frequency of its India ferrous shredded scrap index to twice each week because of continued price volatility in the market.

FOCUS: New Tangshan steel cuts threaten to damp China billet prices

Demand and prices for steel billet in China were likely to be affected by new restrictions on re-rolling activity in the major production hub of Tangshan, sources have told Fastmarkets.

CHINA STEEL SCRAP: Fresh import bookings arrive, offer prices remain firm

Spot prices for imported ferrous scrap to China remained largely stable on Tuesday April 20, while cargoes of scrap booked in recent weeks have been gradually clearing customs, sources have told Fastmarkets.

IRON ORE DAILY: Healthy steel margins boost seaborne prices

Iron ore prices surged on Tuesday April 20 amid strong mill results, which reflect very healthy margins, sources said.

COKING COAL DAILY: Seaborne premium coking coal prices flat in cfr, fob markets

Seaborne premium hard coking coal prices in the cfr China and fob Australia markets stayed largely stable on Tuesday April 20, sources told Fastmarkets.

ITALY STEEL SCRAP: Domestic prices fairly stable in April

Italian domestic steel scrap prices have been largely unchanged in the month to Monday April 19, supported by limited availability of some grades of the material, market sources told Fastmarkets.

AT A GLANCE: Vale’s iron ore fines production increases 14.2% in Q1

A summary of Brazilian miner Vale’s iron ore results for the first quarter of 2021 as stated in its latest production and sales report released on Monday April 19.

IN CASE YOU MISSED IT: 5 key stories from April 19

Here are five Fastmarkets stories you might have missed on Monday April 19 that are worth another look.