The contradiction between supply and demand in the steel market will be further eased

Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying.

None of the firms operating large thermal coal assets in Australia were profitable in July-December when high grade thermal coal prices were around $50/t fob Newcastle.

The lack of availability in high vol A is expected to lend support to miners with high vol B volumes to offer.

Chinese ferro-molybdenum prices are expected to hold firm in the near term in view of higher concentrate feedstock costs and strong demand from steelmakers, according to market participants.

The firm is still investigating a high gas level incident that closed Moranbah North on 20 February.

The new offer for HDG, with immediate effect, will be €900/t base, while CRC will be offered at €870-880/t.

Australian iron ore exploration spending rose to A$395.5mn in 2020 from A$349.6mn in 2019 and A$300.9mn in 2018.