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Proposal to launch nickel pig iron CIF China price assessment: pricing notice
Nickel pig iron (NPI) is a key feedstock material used for stainless steel production, and the CIF has grown to become one of the mainstream trading methods for the Chinese market. The proposed price assessment will allow Fastmarkets to bring more transparency to the Chinese NPI market. Fastmarkets has been tracking spot and DDP China […]
July 15, 2025
·
By Dylan Duan, Laura Li
Insights
Open consultation on Fastmarkets’ iron ore 61% Fe fines index specifications: pricing notice
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
July 10, 2025
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By Shu Yi Zheng
Insights
Launch of Indonesian 65/63% CSR coke price assessment: pricing notice
Following a month-long consultation period which took place between May 26-June 23, Fastmarkets will launch the weekly price assessment to better reflect the Indonesian coke market, given that the country has been a key exporter of coke worldwide since 2023. The price specifications are as follows: MB-COA-0009 Coke 65/63% CSR, fob IndonesiaQuality: 65/63% CSR, 12.5% max Ash, 0.65% max […]
July 1, 2025
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By Bella Cheng
Insights
Steel decarbonization: High-grade iron ore faces challenges
The global steel industry’s move to decarbonize and China’s penchant for lower-grade ores in recent years have uncovered challenges for high-grade iron ore to live out its value in both the blast furnace-based steelmaking route and the direct-reduction iron process, delegates told Fastmarkets during the Singapore International Ferrous Week (SIFW), which takes place from May 26-30.
June 16, 2025
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By Alice Li
Insights
Global iron ore market: 2025 outlook
The global iron ore market, a pivotal component of the steelmaking industry, has historically been driven by simple supply and demand dynamics. However, steel trade tariffs, trade wars and a growing trend toward resource nationalism are reshaping this once-basic industrial staple. These forces, alongside rising environmental regulations and shifting trade patterns, are profoundly influencing iron ore pricing, production and consumption trends.
June 16, 2025
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By the Fastmarkets team
Insights
Fastmarkets launches 61% iron ore index to track pricing shifts
The playing field for global iron ore brands could be poised to be leveled, given a recent announcement on lower iron content in a key mainstream Australian direct shipping ore, iron ore market participants told Fastmarkets, adding that the development could narrow the price disparities between major Australian mid-grade iron ore brands.
June 13, 2025
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By Paul Lim, Alice Li, the Fastmarkets team
Insights
Launch of US rebar to heavy melting scrap differential
This strategic launch is intended to offer the market a single reference price denoting the differential between US Midwest rebar and heavy melting-grade scrap, a key component in the production of that grade. Details of the previous launches can be found via this link. The methodology specification for this differential is: MB-STE-0930 Steel reinforcing bar […]
June 12, 2025
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By Amy Hinton, Dan Hilliard
Insights
Delayed publication of CIS, Europe pig iron, Europe HBI assessments
The following prices were published at 4:24pm London time, instead of by the scheduled time of 4pm London time: MB-IRO-0002 Pig iron export, fob main port Black Sea, CIS, $/tonneMB-IRO-0014 Pig iron import, cfr Italy, $/tonneMB-FE-0004 Hot-briquetted iron, cfr Italian ports, $/tonne These prices are a part of the Fastmarkets Steel Raw Materials Physical Prices package. For more […]
June 5, 2025
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By Marina Shulga
Insights
Seaborne iron ore price up amid increased trading
Seaborne iron ore prices are on the rise due to increased trading activity and stable market fundamentals, highlighting steady demand and opportunities for growth while emphasizing the importance of monitoring market trends to manage risks effectively.
June 5, 2025
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By Alice Li
Insights
Steel traders grapple with ‘nightmare’ tariff doubling
The recent doubling of Section 232 tariffs to 50%, announced by President Trump, has introduced significant uncertainty to the US steel market, with traders reporting disruptions to imports, paused domestic mill quotes and concerns over potential price increases amid modest demand. Industry participants are now assessing how the additional costs will be absorbed across the supply chain.
June 5, 2025
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By Dan Hilliard, Alesha Alkaff
Insights
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