Brazilian miner Vale's fourth-quarter premiums for direct-reduced (DR) and blast furnace (BF) iron ore pellets have been adjusted to their lowest levels since the start of the year - but what does this key supplier's move reveal about the state of steelmaking in 2024?

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

The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

Bearishness lingers in China’s ferrous market despite price rises seen for some steel products in recent days, market participants told Fastmarkets in the week to Wednesday September 11

The willingness among steel consumers to pay premiums for ‘green’ products was not enough to offset the extra cost of the technology transition in the short term, according to Dr Karel Eloot, senior partner in the global materials insights department of management consultant McKinsey & Co.

Nippon Steel doubled down on its promised billion-dollar-plus capex investment promise to US Steel on Wednesday August 28, drawing the ire of the United Steel Workers (USW) labor union..

Brazil’s adoption earlier this year of trade defense strategies to manage the acquisition of imported steel prompted local traders and importers to look into adding boron to some materials, so as to avoid extra tariffs, domestic sources have told Fastmarkets.

Fastmarkets has discontinued its weekly price assessment for MB-IRO-0001 pig iron export, fob main port Baltic Sea, CIS on Wednesday August 21.

The US news cycle was set alight exactly a year ago on a Sunday afternoon when US Steel, an iconic century-old institution, announced it was for sale

Green steel premiums in the US are off to a slow start, compared to the figures mills are collecting in Europe and Asia