Fastmarkets invited feedback from the industry on the pricing methodology for its iron ore indices, via an open consultation process between March 2 and March 31, 2022. This consultation was done as part of our published annual methodology review process.

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

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

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

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

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

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

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

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

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