Steel’s future is being forged in a crucible of competing demands. As the global push for greener production gains momentum, today’s market continues to favor low-cost, lower-grade ores. This “iron ore paradox” puts producers, investors and policymakers at a pivotal intersection. While economic realities make lower-grade ores attractive now, the industry can’t ignore the drive to decarbonize steel production.
Fastmarkets proposes to launch a new monthly price assessment for green petroleum coke, 1.5% S, in-whs ARA, $/tonne.
Steel prices in the US would be weaker if not artificially propped up by trade tariff pressures as underlying demand is depressed, several market participants told Fastmarkets on Friday August 8.