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Rail services for Vale’s Carajás operations are suspended after heavy rain caused a landslide at the Estrada de Ferro de Carajás (EFC) railway at the KM378+200 stretch, in the municipality of Bom Jesus das Selvas, in the Brazilian state of Maranhão
Prices for seaborne iron ore concentrate and pellet decreased in the week ended Friday February 18 amid a downtrend in the high-grade fines sector, though some mills have started replenishing their inventories on an as-needed basis, market sources said
China’s road to decarbonization caused quite a stir in the steelmaking raw materials segment in 2021, and market participants expect more uncertainties in 2022
Steelmakers in South Korea have been priced out of the deep-sea scrap market following deals by mills in Vietnam and Bangladesh over the past week, sources told Fastmarkets on Friday September 17.
All the world’s major coking coal importers reduced their purchases in 2020 amid steel production cuts and lockdowns caused by the Covid-19 pandemic.
Seaborne coking coal prices were largely stable in the cfr market after more market participants became cautious in a fluctuating ferrous market while in the fob market, they maintained the uptrend on Friday May 21 due to increased buying interest, market sources told Fastmarkets.
Seaborne coking coal prices surged up in both the cfr and fob markets on Friday May 14 due to increased buying interest and positive market sentiment in both markets.
China’s new and stricter steel capacity swap ratios will cool the overheated steelmaking raw materials market and pave the way for more electric-arc furnaces to be used in its mammoth steel industry, market sources told Fastmarkets this week.
The premium hard coking coal price stayed largely flat in both the cfr and fob markets on Friday April 9 due to weak demand from end-users, market sources told Fastmarkets.
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