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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
·
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
·
By Arthur Robert
Insights
Recovery in steel demand boosts Turkish deep-sea scrap imports
Turkish steel mills resumed their deep-sea steel scrap bookings after a recovery in steel sales in the country's domestic and export markets, sources said on Thursday May 26
May 26, 2022
·
By Cem Turken
Insights
US Steel Scrap May 2022 Analysis
US domestic obsolete scrap prices have continued to be firm on a historical basis but fell below our expectations this month. And the differential between shredded and HMS scrap remains at its widest on record
May 26, 2022
·
By Alexander Kershaw
Insights
Energy key to green steel targets: steel leaders
Steel industry leaders in the United States announced at a press conference on Tuesday, May 17, that renewable energy sources hold the key to bringing already-green electric-arc furnaces (EAFs) to carbon neutrality
May 26, 2022
·
By Abby Verret
Insights
Global crude steel production falls 5.1% in April, Worldsteel says
Global crude steel output fell by 5.1% year on year to 162.7 million tonnes in April, the World Steel Association (Worldsteel) said on Tuesday May 24
May 26, 2022
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By Elina Virchenko
Insights
Quick-thinking Chinese traders prosper in volatile steel semis markets
Some Chinese trading firms have been quick to react and to find opportunities in this year’s increasingly volatile markets for semi-finished steel products, sources said during last week’s Fastmarkets Singapore Steel Forum
May 26, 2022
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By Lee Allen
Insights
Resumed pricing for Russia/Ukraine pig iron
Fastmarkets has ended a temporary pricing suspension on US pig iron basic grade, Ukraine/Russia, fob New Orleans, effective Monday May 23, following confirmation of recent sales.
May 23, 2022
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By Sean Barry
Insights
India could withdraw from steel export markets because of new duties
India may become increasingly absent from the global seaborne steel markets following the introduction of an export duty at a rate of 15% on a raft of steel products, sources told Fastmarkets
May 23, 2022
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By Lee Allen, Jessica Zong, Paul Lim, Olivia Zhang
Insights
Chinese HRC prices dip after demand concerns negate support from Indian export duties
China’s hot-rolled coil prices dipped on Monday May 23, with market sentiment subdued by persistent concerns over demand
May 23, 2022
·
By Zihuan Pan
Insights
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