Seaborne coking coal prices continued to be supported by regular procurement demand in the cfr market on Monday July 26, while the fob market was largely stable on new buying interest for August-loaded cargoes.
Iron ore prices fell on Wednesday July 21 due to steel production cuts in some Chinese provinces for the second half of 2021, sources said.
Seaborne coking coal prices stayed largely stable in the cfr market on Monday July 12 and climbed up in the fob market because some buyers started to procure on a demand basis, sources told Fastmarkets.
Iron ore physical prices rose on Wednesday June 2, while low-grade fines increased on buying interest from Chinese steel mills, sources said.
Seaborne iron ore pellet and concentrate prices increased in the week to Friday April 16, amid growing demand driven by the ongoing emissions restrictions in the Chinese steelmaking hub of Tangshan, sources told Fastmarkets.
Export pig iron prices from Brazil bucked an increasingly pessimistic trend in the global market and remained strong during the week to Friday May 28, mainly due to long lead times.
Sentiment in the market for pig iron from the Commonwealth of Independent States soured during the week to Thursday May 27 due to the threat of weaker steel prices.
Iron ore prices rose on Friday May 28 amid strong semi-finished and finished steel prices, driven by firmer demand from end users, sources told Fastmarkets.
Lower offer prices for flat steel from China to the United Arab Emirates and Saudi Arabia made buyers postpone booking during the week to Tuesday May 25, sources told Fastmarkets.
Steel billet and rebar prices increased sharply in the United Arab Emirates during the week ending Tuesday May 18 due to very good demand after the Eid al-Fitr holiday ending earlier in the week, sources told Fastmarkets.