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Pig iron shortage from lost Ukraine-Russia volumes may be partly covered by other sources
A shortage in the global pig iron market caused by the absence of Ukraine, as well as Russia’s limited ability to sell, can only partially be covered by suppliers from other regions, sources told Fastmarkets on Tuesday March 22
March 23, 2022
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By Marina Shulga
Insights
Nimba Iron Ore signals shift toward African high-grade fines supply
The proposed Nimba Iron Ore Project, owned and managed by High Power Exploration (HPX), may well emerge as the jewel of African high-grade iron ore supply, especially as development of new deposits continues in Liberia and Guinea, which could disrupt the iron ore supply landscape in the future
March 22, 2022
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By Paul Lim
Insights
Brazil at steel decarbonization crossroads; charcoal, gas short-term options
Brazil, a country that already emits less greenhouse gases (GHG) per tonne of crude steel produced than the global average, seeks in charcoal and natural gas a way to take short-term steps on its lengthy decarbonization road, but its legacy integrated steelmaking capacity could be a hurdle
March 21, 2022
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By Renato Rostás
Insights
Europe to prohibit imports of iron, steel from Russia
The European Commission announced its fourth package of restrictive measures against trade with Russia on Friday March 11, in response to that country’s invasion of Ukraine
March 15, 2022
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By Serife Durmus
Insights
Iron ore market spooked by rising Covid-19 cases in China, limited demand for steel
Seaborne iron ore prices fell sharply on Monday March 14, amid rising concerns over the increase in new Covid-19 cases in several areas in China and the weakening of demand for steel, sources told Fastmarkets
March 15, 2022
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By Alex Theo
Insights
Vale expects landslide-hit Carajás railway to resume operations by Wednesday
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
March 8, 2022
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By Alice Li
Insights
Open consultation on iron ore indices
Fastmarkets is inviting feedback from the industry on the pricing methodology for its iron ore indices, as part of its announced annual methodology review process
March 2, 2022
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By Jane Fan
Insights
Iron ore concentrate, pellet prices down despite post-holiday restocking by mills
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
February 23, 2022
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By Alice Li
Insights
Correction to Fastmarkets’ iron ore 62% port stock indices
Fastmarkets has corrected its daily yuan per wet tonne and $ per tonne indices for iron ore 62% Fe fines, fot Qingdao, which were published incorrectly on Monday February 21 due to input errors
February 23, 2022
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Insights
Rebar futures slide after China announces ‘supervisory’ role in iron ore market
A sudden downturn in rebar futures on the SHFE put pressure on spot prices on Wednesday February 9, after a slump in iron ore futures was sparked by news that the Chinese authorities plan to strictly supervise speculation about the iron ore market
February 9, 2022
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By Jessica Zong
Insights
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