[Ferro-Alloys.com] China’s hot-rolled coil exporters lowered their offers on Tuesday September 3 despite domestic prices edging up further.

Brazilian iron ore export volumes decreased by 15.48% year on year in August, but revenues soared by 51.61% due to higher prices.

The export market for hot-rolled and cold-rolled coil from the Commonwealth of Independent States (CIS) remained constrained this week, but a spike in iron ore price has led to optimism that flat steel prices will not fall further, sources told Fastmarkets.

The global market for direct-reduced (DR) iron pellets was under pressure from falling prices for both steel scrap and finished steel products in August, sources told Fastmarkets last week.

Iron ore miner Tacora Resources (Tacora) shipped its first iron-ore concentrate cargo from its Scully Mine from the Port of Sept-Iles in Quebec, Canada, the company announced on Friday August 30.

• [Editor:kangmingfei]