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Chinese nickel pig iron prices push up to 11-month high
Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.
October 24, 2024
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By Laura Li
Insights
Higher dock costs will boost steel prices and reduce imports, said market sources
Higher costs resulting from a tentative deal to end the strike at East Coast and Gulf Coast ports could reduce imports, increase reshoring and drive up the cost of steel products in the US, according to market observers and participants
October 7, 2024
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By Robert England
Insights
SGX iron ore 65% Fe contract sets new daily traded record
The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives contract – which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao – set a new record for traded volumes at 1.22 million tonnes in a single day, according to SGX published data on Thursday August 8
August 9, 2024
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By Norman Fong, Zdravko Cherkezov
Insights
Australian mining’s ESG conundrum
Amid the rising focus on environmental, social and governance (ESG) performance, the Australian mining industry faces a conundrum: maintain production at competitive levels or promote rigorous ESG standards
August 8, 2024
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By Callum Perry, Solomon Cefai, Alice Li, Laura Roberts
Insights
Brazil increases import duty to 25%; quotas include HRC, CRC, HDG, Galvalume, tubes
The Brazilian Executive Management Committee for the Foreign Trade Chamber (Gecex-Camex) decided to increase steel import duties during one year to 25%, while establishing import volume quotas for 11 steel products, according to a document published on Tuesday April 23
April 25, 2024
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By Renato Rostás, Ana Enis, Gabriela Brumatti
Insights
US construction demand could rise once election jitters subside
Increased construction spending could be unlocked early next year once the fraught US presidential election is settled, and steel participants are gearing up for a busy 2025
April 17, 2024
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By Daniel Hilliard
Insights
Green steel blooms in Malaysia, but new moratorium could make or break it
The green steel supply chain is gradually starting up in Malaysia, largely due to stricter decarbonization-related government policies, sources said in the week to Monday March 25. One of these policies is a two-year moratorium on all expansion and diversification of manufacturing activities in the iron and steel industry
March 27, 2024
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By Nabilah Awang
Insights
China to see resurgence of low-grade iron ore | 2024 preview
These changes are driven by the need to adapt to an uncertain market environment and a sluggish economy, especially with pessimistic steel demand from China's real estate sector
January 11, 2024
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By Alice Li, Norman Fong, Shu Yi Zheng
Insights
China’s 2024 ‘Blue Sky War’ to add uncertainty to iron and steel markets | 2024 preview
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
December 22, 2023
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By the Fastmarkets team, Alice Li, Jessica Zong
Insights
Resurgent demand for iron ore pellet feed to drive wedge within high-grade market
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
August 30, 2023
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By Norman Fong
Insights
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