December 2023

Upcoming off-peak steel season in China weighs on iron ore prices

Seaborne iron ore prices fell on Monday, December 4, because China’s economic growth and the impact of stimulus measures are gradually easing ahead of the upcoming winter period, which is the country's off-peak season for steel consumption, sources told Fastmarkets.

Russia’s export pig iron market stays positive on further sales to Italy, Turkey

Further sales to Turkey and Italy kept sentiment positive in Russia's pig iron export market in the week to Thursday November 30, sources told Fastmarkets.

Seaborne iron ore pellet premiums slip on weaker buying interest

Pellet prices in the CFR China market reversed a monthlong rally in the trading week ended Friday December 1 amid a dip in buying interest for pellet cargoes from Chinese end users, sources told Fastmarkets.

Seaborne iron ore prices up on elevated hot metal output

Seaborne iron ore prices edged up on Friday December 1, supported relatively high hot metal output and expectations on further economic development measures in China, industry sources told Fastmarkets.

Brazilian Q1 2024 DR-BF pellet premium spread widens amid weaker EU demand

Price differentials between Brazilian direct-reduced (DR) iron ore pellets and blast furnace (BF) pellets for the first quarter of 2024 are showing signs of widening amid weaker demand for BF pellets in Europe, sources told Fastmarkets Thursday November 30.