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Mitsui-Kobe Steel joint venture cements Middle East as vital DRI hub, but further efforts are required
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
May 2, 2023
·
By Norman Fong
Insights
Demand in DR pellet market improves on lower premium
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
April 5, 2023
·
By Marina Shulga
Insights
Why green iron ore may be the next big wave
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
January 9, 2023
·
By Paul Lim
Insights
Delayed publication of CIS, Europe pig iron price assessments
The publication of Fastmarkets’ weekly CIS and European pig iron price assessments for Thursday October 27 were delayed because of an error
October 28, 2022
·
By Cem Turken
Insights
Offers of cheap Chinese steel billet ring alarm bells in Asian markets
Low-priced offers of steel billet from China have significantly depressed sentiment in the key Southeast Asian steel market, sources told Fastmarkets on Tuesday October 25
October 26, 2022
·
By Lee Allen
Insights
Vale, SHS sign MoU to seek carbon-neutral steelmaking solutions
Brazilian iron ore producer Vale signed a memorandum of understanding (MoU) with Germany-headquartered steel group Stahl-Holding-Saar (SHS) to seek carbon-neutral steelmaking solutions, the miner said on Thursday October 6
October 10, 2022
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By Renato Rostás
Insights
Direct-reduced iron ore pellet premium falls at the start of October on oversupply
The premium for direct-reduced (DR) iron ore pellet for shipment in October-December has dropped, mainly on oversupply, sources said in late September
October 6, 2022
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By Marina Shulga
Insights
Global DRI push to be crimped by lack of pellet feed concentrate – sources
The global push toward using more direct-reduced iron (DRI) and hot-briquetted iron (HBI) could be derailed by the lack of iron ore concentrates used in the pelletizing process, sources told Fastmarkets
August 30, 2022
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By Paul Lim
Insights
High-grade iron ore premiums dip further despite increased consumption
Premiums for high-grade iron ore continued to slide on Friday August 26 in line with poor import demand from the Chinese market amid an increase in average forward-month prices over the trading week, sources told Fastmarkets
August 29, 2022
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By Norman Fong
Insights
India’s beneficiation of low-grade iron ore could result in new trade patterns
India's push toward the beneficiation of low-grade iron ore could result in new trade patterns emerging in the future if implemented, market sources told Fastmarkets this week
August 19, 2022
·
By Paul Lim
Insights
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