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Amendment to iron ore 65% Fe Brazil-origin fines index specifications
Fastmarkets has decided to amend the base specifications of its iron ore 65% Fe Brazil-origin fines index to more closely align with the specifications of Brazilian high-grade fines.
July 3, 2023
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Insights
Cheap DRI hindering steel scrap use in India despite low-carbon push
The share of direct-reduced iron (DRI) being used by Indian induction furnaces and foundries has grown over the last month, despite efforts by a strong scrap lobby to use more of the secondary raw material to reduce carbon emissions in the country
June 19, 2023
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By the Fastmarkets team, Lee Allen, Ross Yeo
Insights
Mitsui’s move into green metallics sets tone for steel’s future in Middle East
Mitsui and Kobe Steel are seeking to reinforce their position in direct-reduced iron (DRI) production in the Middle East with the construction of a low-CO2 iron metallics production plant within the Special Economic Zone at Duqm, in the Sultanate of Oman
June 6, 2023
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By Norman Fong
Insights
How China’s largest coal-producing province is on its way to becoming a green steel leader
Shanxi, a top coal-producing province in North China which has been struggling with high levels of air pollution – is on its way to becoming a green steel leader in the country following the steps it has taken to prepare for the energy transition and to upgrade its steel industry over the past decade
May 16, 2023
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By the Fastmarkets team, Jessica Zong, Zihuan Pan
Insights
Four key takeaways from the 27th International Iron Ore forum
Green premiums, reducing Scope 3 emissions and the quest for high-grade iron ore were among the key topics discussed at the 27th International Iron Ore forum in Stockholm
May 15, 2023
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By Norman Fong
Insights
Ukraine has potential to become primary DRI supplier to Europe, Metinvest CEO says
Yuriy Ryzhenkov, the chief executive officer of Metinvest Group, addressed Ukraine’s role in the future of the European steel industry, indicating that the country has the potential to become a primary supplier of direct-reduced iron (DRI) to Europe, Fastmarkets heard at Made in Steel in Milano
May 15, 2023
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By Julia Bolotova
Insights
Decarbonization policy, carbon emissions alignment at forefront of AISTech 2023
An overarching theme of decarbonization was on display at the Association for Iron and Steel Technology’s AISTech conference in Detroit, Michigan, among US steel industry leaders in May
May 15, 2023
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By Alesha Alkaff
Insights
Inside Vale’s green briquette megahubs and how they will work
Major Brazilian iron ore miner Vale’s plan for green briquette megahubs in the Middle East has sparked much curiosity and interest. In this article, we break down the fundamentals of the plan to help you understand how it will work
May 11, 2023
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By Paul Lim
Insights
China’s green iron ore masterplan – how will it work?
China has unveiled plans for achieving peak carbon emissions in the iron ore mining industry before 2030, with the state-backed Metallurgical Mines’ Association of China (MMAC) announcing green iron ore production guidelines on Friday April 7
May 10, 2023
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By Alice Li, Shu Yi Zheng
Insights
High-grade iron ore prices track dip in futures; sinter feed premiums rise
Seaborne high-grade iron ore prices erased gains achieved since early March in the week ending Friday March 24, amid a dip in iron ore futures
April 5, 2023
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By Norman Fong
Insights
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