February 2020

IN CASE YOU MISSED IT: 5 key stories from February 20

Here are five Fastmarkets stories you might have missed on Thursday February 20 that are worth another look.

DAILY SCRAP REPORT: Prices steady despite apparent end of buying spree

Turkish deep-sea scrap import prices remained largely unchanged on Thursday February 20, despite the market going quiet after this week's buying spree, sources told Fastmarkets.

IRON ORE DAILY: Port prices rise amid surge in May futures contract

Chinese port prices increased by as much as 15 yuan per tonne ($2.14 per tonne) for Pilbara Blend fines on Thursday February 20 amid a surge in the May iron ore contract on the Dalian Commodity Exchange (DCE).

Warrior Met Coal to develop 3.9-million-tonne hard coking coal project in US

US-based metallurgical coal producer Warrior Met Coal has announced plans to develop a hard coking coal project in Alabama with a capacity of 3.9-million-tonnes per year, through an investment of around $550-600 million over the next five years.

COKING COAL DAILY: Second-tier prices surge amid tight supply

Trading activity involving second-tier seaborne coking coal pushed up prices on Thursday February 20, though doubts lingered over recent strength of the market.

nCoV-19 coronavirus, seaborne supply uncertainty to drive iron ore price volatility in 2020 - BHP

The outbreak of the novel coronavirus (2019-nCoV), intra-year demand volatility and seaborne supply uncertainty are likely to contribute to iron ore price volatility in the coming year, Australia miner BHP said.

Signs pointing up in US ferrous scrap export market

The United States' ferrous scrap export market to Turkey was quiet on Wednesday February 19, but signs from other countries suggest more upside ahead in cargo sales.

Stainless steel scrap prices flat in US

The stainless steel scrap market in the United States is flatlining, with few signs that it will gain strength anytime soon.

DAILY SCRAP REPORT: More cargoes for March shipments push prices up again

The Turkish steel mills have continued to book deep-sea scrap for March shipments at slightly higher prices, sources said on Wednesday February 19.

ICC Tribunal orders Sierra Leone to reinstate SL iron ore mining license

The International Chamber of Commerce has ordered the government of Sierra Leone to withdraw its restrictions on the mining of iron ore at the Marampa project by SL Mining, the company said in a press release dated Tuesday February 18.