Exporters of steel scrap have continued to explore alternative destination markets for sales of deep-sea scrap cargoes because of the slump in prices in Turkey, sources said in the week ended Friday June 24
The 2022 Singapore Steel Forum, located in the plush surroundings of the iconic Marina Bay Sands hotel, provided the ideal setting for market participants to discuss the hottest steel topics of the day last week
Some Chinese trading firms have been quick to react and to find opportunities in this year’s increasingly volatile markets for semi-finished steel products, sources said during last week’s Fastmarkets Singapore Steel Forum
The first sale of 130mm blast furnace (BF)-based steel billet by a large Indonesian steelmaker was a significant moment for the Philippines import market because it will create more purchasing choice for buyers, sources said on the sidelines of Fastmarkets’ Singapore Steel Forum
India’s expanding recycling sector will look to capitalize on the opportunity presented by ambitious carbon neutrality targets in the country, according to the Material Recycling Association of India (MRAI)
Fastmarkets invited feedback from the industry on the pricing methodology for steel billet import, cfr Manila, $/tonne (MB-STE-0141) via an open consultation process between February 14 and March 15, 2022.
Key Asian markets Taiwan and the Philippines will have to rely more on higher-priced steel billet from Southeast Asia if they can no longer procure Russian material amid the ongoing Russia-Ukraine conflict, according to sources
Fastmarkets invites feedback on its Manila steel billet import price assessment as part of an annual methodology review process, in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies