[Ferro-Alloys.com] Brazilian mining firm Vale has settled fourth-quarter pellet premiums for blast furnace (BF)-grade pellet at $20/dry metric tonne (dmt) over a 65pc Fe index, while direct reduction (DR)-grade pellet has settled at $24/dmt.
The settlements for BF-grade pellet premiums are nearly flat with the previous quarter and lower by around $3/dmt for DR-grade pellets.
Japanese ferrous scrap exports rose by 28pc in June from May to 883,157t, boosted by increased price competitiveness against US exports in Asia.
The increase in exports was also driven by increased procurement from the country's main buyers from mid-April to mid-May. Aggressively competitive prices and shorter delivery times made Japanese scrap Asian buyers' main choice at that time.
South Korean steelmakers imported 261,613t of ferrous scrap from Japan in June, up by 46pc on the month. Total South Korean imports from Japan for the first half of the year were down by 24pc to 1.63mn t, partially reflecting the Covid-19 pandemic's impact on the Korean economy.