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SDI targeting 80% capacity at Sinton by Q3
Steel Dynamics Inc (SDI) is aiming for its new $1.9-billion electric-arc furnace (EAF) mill in Sinton, Texas, to be operating at 80% capacity by the third quarter before hitting full capacity by year-end, chief financial officer Theresa Wagler said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, on Monday June 6
June 7, 2022
·
By Sean Barry
Insights
Automotive industry will accept green steel premium: steel leaders
The automotive industry is ready for a green steel premium, steel industry leaders said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, noting that end users will have to bear that cost
June 6, 2022
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By Alesha Alkaff
Insights
Iron ore concentrate, pellet prices track uptick in fines segment; demand remains limited
Seaborne iron ore concentrate and pellet prices rose during the week ending on Friday June 3, tracking the upward momentum in the iron ore fines segment, market sources said
June 6, 2022
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By Alex Theo
Insights
Detroit mills lock up prime, shredded scrap at $50/t discount
The US ferrous scrap market is exhibiting signs of life this month after steel meltshops in the Southeast and in Detroit purchased prime and secondary grades of scrap at a $50-per-gross-ton discount compared with the May buy
June 6, 2022
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By Lisa Gordon
Insights
Cleveland-Cliffs reports lower carbon intensity for 2021
Cleveland-Cliffs reported it has made progress toward reducing its carbon emissions per short ton of steel produced, according to a 2021 sustainability report the company released in May
June 6, 2022
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By Robert England
Insights
Cleveland-Cliffs reports lower carbon intensity for 2021 [updated]
Cleveland-Cliffs reported it has made progress toward reducing its carbon emissions per short ton of steel produced, according to a 2021 sustainability report the company released in May
June 2, 2022
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By Robert England
Insights
With easily accessible steel scrap of utmost importance, US mills look to integrate
There has been an evolution in US steelmakers' raw material strategy in the past several years, with mills pivoting from an effort to randomly own as many tons as they could to becoming more vertically integrated and owning material that can feed their meltshops
June 2, 2022
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By Lisa Gordon
Insights
Open consultation on Fastmarkets’ methodology for US import pig iron price assessment – final decision
Fastmarkets invited feedback from the industry on its pricing methodology for its US import pig iron price assessment as part of its announced annual methodology review process.
June 1, 2022
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By Ross Yeo
Insights
7 things we learned at Fastmarkets’ Singapore Steel Forum
The 2022 Singapore Steel Forum, located in the plush surroundings of the iconic Marina Bay Sands hotel, provided the ideal setting for market participants to discuss the hottest steel topics of the day last week
May 27, 2022
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By Lee Allen, Paul Lim
Insights
US ferrous scrap export mart quiet; further price drops feared
No new ferrous scrap export sales from the US East Coast to Turkey have been reported since prices fell sharply in a cargo booked in mid-May, but more price drops could be on the horizon, Fastmarkets understands
May 26, 2022
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By Arthur Robert
Insights
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