Raw material prices have come under the pressure of falling steel demand around the world since the second half of 2023, and market participants expect the trend to extend into 2024

The Chinese government has set a 5% target for growth of the country’s gross domestic product (GDP) in 2024, compared with the increase of 5.2% in 2023, according to a Government Work Report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing

This week marks two years since Russia invaded Ukraine on February 24, 2022, but despite the resulting threats and challenges thrown up by the war, the Ukrainian steelmaking sector has managed to adapt. Here, Fastmarkets recaps the key changes

Amid inflation and a global economic slowdown, BHP's outlook for the steel industry in China, the world's largest steel producer, has become less optimistic

Trading activity for pellet feed imported into China increased in the week to Friday January 19, with more tenders from Australia. The pellet feed premium, however, continued to face downward pressure from uncertain demand outlook among market participants, sources told Fastmarkets

Fastmarkets has launched two new reduced carbon emissions steel prices for the European domestic market, starting from Thursday January 25.

The biggest steel story of the decade broke over a lazy summer Sunday in August 2023 – US Steel, the legacy steel producer that was synonymous with American steelmaking for decades, announced it had received “multiple unsolicited proposals” for the acquisition of its assets, and that the Pittsburgh-based steelmaker had started a “strategic review” of its options

Strong export activities contribute to spike

Steel producers reinvesting in coal-based steelmaking are potentially locking in millions of tonnes more carbon dioxide emissions

Steel producers in the United States are accelerating investment in technology that will reduce their carbon footprint and help them meet climate pledges, while the race to decarbonize the industry heats up across the entire value chain