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Ukrainian steelmakers welcome US decision to suspend 232 tariffs, call for cancellation of other restrictions
Ukrainian steelmakers, particularly Metinvest and Interpipe, have welcomed the decision by the United States to suspend Section 232 tariffs of 25% against imports of steel from the country for one year
May 18, 2022
·
By Vlada Novokreshchenova
Insights
New steel capacity unlikely to depress prices
Flat-rolled steelmakers have more than 13 million short tons of new production capacity planned or under construction in the United States, but analysts do not foresee a glut depressing the market significantly in 2022
May 18, 2022
·
By Abby Verret
Insights
US steelmaking raw material imports rise in March vs Feb
US imports of steelmaking raw materials rose by 7.46% month on month in March, with higher ferrous scrap and pig iron volumes outweighing declines in shipments of direct-reduced iron (DRI), according to the latest data from the US Census Bureau
May 17, 2022
·
By Arthur Robert
Insights
3 reasons why demand for high-grade iron ore in China is likely to remain limited
At least three reasons have been identified by market participants as the key factors constraining demand for high-grade iron ore concentrate and pellet in China - in turn, prompting premium levels to narrow
May 11, 2022
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By Alex Theo
Insights
New supply of smaller Indonesian steel billet a gamechanger for Philippines, sources say
The first sale of 130mm blast furnace (BF)-based steel billet by a large Indonesian steelmaker was a significant moment for the Philippines import market because it will create more purchasing choice for buyers, sources said on the sidelines of Fastmarkets’ Singapore Steel Forum
May 11, 2022
·
By Lee Allen
Insights
Iron ore concentrate, pellet prices track uptick in fines segment
Seaborne iron ore concentrate and pellet prices rose slightly in the week ended Friday May 6, tracking the upward momentum in the iron ore fines segment, market sources said
May 9, 2022
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By Alex Theo
Insights
Nissan investing $700mln to upgrade Mexico ops
Nissan Motor has announced plans to invest more than $700 million in Mexico over the next three years
May 6, 2022
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By Arthur Robert
Insights
Vallourec partially resumes Pau Branco iron ore mine operations in Brazil
French steel tube maker Vallourec has partially resumed operations at its Pau Branco iron ore mine in Brazil, almost four months after halting the unit because of a dam spill, it said on Wednesday May 4
May 4, 2022
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By Renato Rostás
Insights
Sliding US steel scrap prices undercut Japan’s offers in key Asian markets
Prices for United States-origin steel scrap were easily undercutting those for Japan-origin material in the markets of Taiwan and Vietnam this week, market sources told Fastmarkets on Wednesday May 4
May 4, 2022
·
By Lee Allen
Insights
Broken trade flows
Steel scrap outlook: Where will the US steel market get its prime scrap?
May 3, 2022
·
By Grace Asenov, Kimberly Leppold
Insights
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