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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
Delayed publication of several Fastmarkets steel, scrap and manganese ore prices
The publication of several Fastmarkets' steel, scrap and manganese ore prices for Friday August 4 were delayed due to a technical issue.
August 4, 2023
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By Janie Davies
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
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
China’s road to green steel – hydrogen metallurgy and iron ore pellets
China’s steel industry is on a journey to prioritize the production of green steel in a suitable and effective way, in this article, we interview Frank Zhong, the deputy director general of World Steel Association about China's decarbonization strategy
May 12, 2023
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By Jessica Zong
Insights
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