[Ferro-Alloys.com] High iron ore market prices seen in recent months are expected to continue into the first quarter of 2021, supported by strong Chinese steel output, according to the latest S&P Global Platts Iron Ore & Steel Outlook.

Some 62% of participants said iron ore prices would remain above $120/mt CFR China in Q1, with a further 26% seeing them in the $110-$120/mt range.

Liberty Steel, part of UK-based industrial group GFG Alliance, will invest more than GBP60 million ($80.61 million) at its South Yorkshire, UK, GREENSTEEL production hub at Rotherham to boost the works' viability by doubling production to 1 million mt/year to supply the domestic market, the company said Dec. 15.

The Rotherham works aims to supply the transport, defense and construction sectors as part of the UK government's Build Back Better plan, Liberty said in a statement. The investments will remove production bottlenecks at the works' electric arc furnace (N-Furnace) and small bloom caster, it said.

South Korean steelmaker Posco and Australia's Fortescue Metals Group are set to collaborate on green hydrogen in a partnership that could see Posco importing both iron ore and renewable hydrogen from the latter.

Click here for more information: Ferrosilicon Daily Express 12.21

• [Editor:kangmingfei]