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China’s finished steel exports rise 15% year-on-year in May
China’s exports of finished steel rose year on year in May, according to data published by the General Administration of Customs on Friday June 7
June 12, 2024
·
By Jessica Zong
Insights
Fastmarkets launches new European prime scrap price forecasts amid decarbonization push
European scrap consuming electric arc furnace output is rising, with demand for higher grade scraps to produce flat steel expected to grow. Fastmarkets has launched prime grade scrap forecasts to capture this
June 7, 2024
·
By Alexander Kershaw
Insights
US construction slowed by difficulties to source electrical steel amid lack of investment
US construction contractors – including for residential, commercial and manufacturing facilities – have reported long delays and unpredictability in obtaining electrical transformers. This is due to inadequate electrical steel supplies amid missing investment decisions in the US to expand production of the material
June 5, 2024
·
By Renzo Pipoli
Insights
The green steel race against time is on
Fastmarkets forecasts that global steel production will grow at an average annual rate of 1.4% through the end of the decade so ‘green’ steel production methods need to keep pace
June 5, 2024
·
By Miriam Falk
Insights
Clean, lean US steel sector hunts for green steel premium
The US steel industry’s preponderance of electric-arc furnace (EAF) capacity may be a double-edged sword when it comes to collecting green steel premiums, market sources have told Fastmarkets
May 21, 2024
·
By Daniel Hilliard
Insights
Steelmakers halt production in southern Brazil due to floods, try to measure business losses
Main Brazilian steel producers halted production and operations in distribution centers in the country's Rio Grande do Sul state due to local floods, but potential losses remain uncertain since the situation has not yet been resolved, the companies told Fastmarkets in written statements this week
May 10, 2024
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By Gabriela Brumatti
Insights
Liberty Steel to pause wire rod production in Georgetown
Liberty Steel will "temporarily pause" production at its wire rod mill in Georgetown, South Carolina, and shift the plant's production to making steel wire mesh and welded steel products, the company announced on Friday April 19
May 1, 2024
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By Robert England
Insights
Why China’s new 2024 steel output cut policy is altering value chain dynamics
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity
April 19, 2024
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By Jessica Zong, Alice Li, Jessica Long, Norman Fong, Tina Tong, Shu Yi Zheng
Insights
China’s domestic stainless steel prices rise following metal sanctions on Russia
China's stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component
April 18, 2024
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By Jessica Zong
Insights
Amendment to South Korea steel scrap import spot price assessments
Fastmarkets will amend the frequency of its price assessments for MB-STE-0879 Steel scrap H2 Japan origin import, cfr South Korea and MB-STE-0880 Steel scrap HMS 1&2 (80:20) deep-sea origin import, cfr South Korea on Friday April 12.
April 12, 2024
·
By pricing@fastmarkets.com
Insights
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