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China’s new rebar standards may deal another blow to domestic steelmakers
China’s revision of its national rebar standards, which is set to go into effect from September 2024, is expected to increase demand for vanadium nitrogen and silico-manganese amid a push for developing high-quality steel
July 30, 2024
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By Jessica Zong, Tina Tong, Jessica Long
Insights
Proposal to amend frequency of China steel scrap import price indices
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
July 25, 2024
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By Tianran Zhao
Insights
Proposal to discontinue price assessment for Russia pig iron exports, FOB Baltic Sea
Fastmarkets proposes to discontinue its weekly price assessment for MB-IRO-0001 Pig iron export, fob main port Baltic Sea, CIS.
July 22, 2024
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By Marina Shulga
Insights
How green hydrogen hubs can restructure future commodities production
Green hydrogen is emerging as a game-changer for decarbonizing entire industries heavily reliant on fossil fuels. Major commercial sectors like aviation, shipping, and steel production are looking to green hydrogen as the next big thing to replace fossil fuels and achieve sustainability
July 22, 2024
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By Paul Lim
Insights
Biden imposes ‘melt and pour’ requirement for Mexican steel, aluminium imports
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
July 11, 2024
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By Yasemin Esmen, Alesha Alkaff
Insights
Automotive sector benefitted from USMCA amid pivot toward zero-emission, hybrid vehicles: USTR
The United States-Mexico-Canada Agreement (USMCA) has positively affected the automotive sector in the four years since its implementation and automakers are increasingly investing in zero-emission and hybrid vehicles, according to the US Trade Representative (USTR)
July 3, 2024
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By Alesha Alkaff
Insights
Final decision on open consultation on methodology for US pig iron import assessment
Fastmarkets invited feedback from the industry on the pricing methodology for its MB-IRO-0004 pig iron import, cfr Gulf of Mexico, US assessment, via an open consultation process between May 24 and June 24, 2024. This consultation was done as part of our annual methodology review process.
June 28, 2024
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By Marina Shulga
Insights
Using low-carbon steel demand to push steel mills’ decarbonization moves: IIO 2024
A low-carbon world will still need steel that can satisfy the diverse demands of a variety of downstream sectors, Frederik Leus, of ArcelorMittal’s Xcarb Business Development section, said in an address to Fastmarkets’ International Iron Ore and Green Steel Summit, being held in Vienna, Austria, on June 25
June 26, 2024
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By Alice Li
Insights
Drop in Jan-May crude steel output in China drags down ferro-alloys markets
The decline in crude steel output in the first five months of 2024 dragged down Chinese ferro-alloys markets, including ferro-silicon and silico-manganese, sources told Fastmarkets on June 21
June 24, 2024
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By Tina Tong, Jessica Long
Insights
China pushes for lower energy consumption and carbon emissions with steel production cuts
Chinese domestic authorities are in discussions to implement tighter targets on crude steel production across the country, in a bid to reduce energy consumption and carbon emissions, Fastmarkets understands
June 20, 2024
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By Norman Fong, Jessica Zong, Zihuan Pan, Jessica Long, Alice Li, Bella Cheng
Insights
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