Demand in the direct-reduced (DR) iron ore pellet market has improved, partly due to a lower premium in the second quarter, sources told Fastmarkets

China’s hot-rolled coil steel prices increased on Tuesday March 28, with domestic trading improving from the previous week, traders told Fastmarkets

Fastmarkets has corrected its price for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, which was published incorrectly on Monday February 27 due to a technical error.

Fastmarkets is proposing to amend its iron ore indices methodology by exempting the calculation of the iron ore premium indices from the automatic 4% outlier filter, to provide a more accurate representation of market dynamics and a more comprehensive calculation of the premium indices.

Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands

Fastmarkets has corrected its MB-IRO-0008 iron ore 62% Fe fines, cfr Qingdao index, which was published incorrectly on Wednesday January 25 due to a technical error.

Shortages of high-grade pellet-feed iron ore concentrates and good-quality ferrous scrap such as plate and structural grades mean that direct-shipping iron ore fines are likely to remain the mainstay steelmaking raw material

Prices for import pig iron in the United States rose in the week to Friday December 30 on reduced stocks and expectations of higher scrap and steel prices in early 2023

Fastmarkets proposes to amend the index specifications of its 66% Fe iron ore concentrate index, increase the frequency from weekly to daily, and to launch a standalone premium index to more closely reflect and provide more transparency for the spot prices of iron ore concentrate products.

Oman-based long products steelmaker Jindal Shadeed Iron & Steel Oman plans to invest more than $3 billion to build a green steel plant in Oman, the company said on Sunday December 4