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Fortescue Metals Group Keeps Low-Grade Iron Ore Discount Unchanged for June

27 May 2019 - 12:54
Fortescue Metals Group - world's 4th largest iron ore producer has kept the sub-grade iron ore discount for SSF (super special fines) unchanged. SteelMint has learned from the market participants that FMG has kept the discount stable for SSF low-grade fines for the month of June’19 to 11% in line with May’19.

Indian Sponge Iron Prices to Likely to Remain Strong - Manufacturers

22 May 2019 - 23:08
Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.

India: Karnataka Govt Invites Bid for 4 Iron Ore Blocks

22 May 2019 - 12:51
Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.

What soaring iron ore and faltering copper say about China — opinion

21 May 2019 - 22:22
The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.

Brazil: Vale Warns of Another Dam Burst; Iron Ore Prices Cross USD 100

19 May 2019 - 05:34
Spot iron ore fines Fe 62% index has picked up to USD 100.4/MT, CNF China as against USD 98/MT, CNF China yesterday. The increase is due to Vale forecast of dam rupture in next week. The prices have hit 5 years high as the prices were last seen in May'14.

Iron ore price tops $100 a tonne for the first time in 5 years

18 May 2019 - 21:47
Brazil's Vale’s warning that a tailings dams at its shuttered Gongo Soco mine in Minas Gerais is at risk of rupturing as soon as next week lit a fire under iron ore prices on Friday, sending the steelmaking raw material to a five-year high.

India: Low Grade Iron Ore Fines Export Prices Remain Stable

17 May 2019 - 17:14
SteelMint in conversation with trade sources learned that assessment for low-grade iron ore fines export from India has remained stable. SteelMint’s assessment for low grade (Fe 57/58%) iron ore fines prices have remained mostly stable at USD 57-58/MT, FoB India equivalent to USD 67-68/MT, CFR China.

USA Steel Imports Statistics in Q1 CY’19

17 May 2019 - 16:49
USA iron ore Imports Down 23% Q-o-Q in Q1 CY19- USA’s iron ore imports recorded at 1.4 MnT in Q1 CY’19 down 23% as against 1.83 MnT in Q4 CY18.

India: JSW Steel Booked 20,000 MT Iron Ore Fines from OMC's Daitari Mines

16 May 2019 - 14:04
As per sources report to SteelMint, JSW Steel booked 20,000 MT iron ore fines (Fe 64-62%) from Daitari mines in OMC e-auction conducted today (14th May'19) . The company has booked iron ore fines at base price of INR 2,450/MT (inclusive of Royalty).

India: Are Odisha Merchant Miners Considering Price Hike in Iron Ore?

16 May 2019 - 13:55
SteelMint has learned from the market sources that, few Odisha based major merchant iron ore miners are in discussions for revision in iron ore offers this week.
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