China’s State Council has set a two-year action plan for cleaner air, and the comprehensive strategy to improve air quality will affect all key economic sectors, market sources told Fastmarkets

Price differentials between Brazilian direct-reduced (DR) iron ore pellets and blast furnace (BF) pellets for the first quarter of 2024 are showing signs of widening amid weaker demand for BF pellets in Europe, sources told Fastmarkets Thursday November 30

As the world’s second-largest iron ore exporter, Brazil is expected to play a key role in helping the global steel industry slash carbon dioxide (CO2) emissions; Brazilian companies are already taking action to mitigate greenhouse gas (GHG) protocol Scope 3 emissions – those encompassing the entire value chain

Stronger buying appetite for pellet feed products among Chinese buyers has led to higher seaborne premiums since late July, with market participants expecting a wider price gap between high-grade pellet feed and high-grade sinter fines, sources told Fastmarkets on Friday August 25

Low margins at Chinese steelmakers so far in 2023 have boosted demand for lower-grade iron ore products, which has led to record iron ore shipments from Australia's FMG in its financial year to June 30, sources told Fastmarkets this week

Seaborne iron ore prices fell further on Friday, July 28 due to more concerns for crude steel production cuts in China

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.

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

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

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