Hot-rolled coil prices in the United States remained above $74 per hundredweight in the second week of April, with steady demand for spot material and restricted supply bolstering the hot-band price

Fastmarkets invited feedback from the industry on the pricing methodology for its iron ore indices, via an open consultation process between March 2 and March 31, 2022. This consultation was done as part of our published annual methodology review process.

Russian pig iron export prices increased in the week ended Thursday March 31 amid demand in Italy, while no interest in Russia-origin pig iron was reported in other markets

Fastmarkets proposes to amend the frequency of its China import steel scrap indices to weekly from twice a week currently.

Stainless steel raw material surcharges for flat-rolled products in the United States will rise sharply for all flat stainless grades in April on surging nickel and iron costs, while the pattern of pricing shifts among the four producers is poised to diverge more widely, according to surcharge notices published by producers

The United States' ferrous scrap export market has quieted, with no deals reported since Monday March 14

A shortage in the global pig iron market caused by the absence of Ukraine, as well as Russia’s limited ability to sell, can only partially be covered by suppliers from other regions, sources told Fastmarkets on Tuesday March 22

Austrian steelmaking group Voestalpine intends to replace coal-fuelled blast furnaces with climate-friendly electric-arc furnaces (EAFs) powered by green electricity at its sites in Linz and Donawitz by 2027, the company said in a press release on Wednesday March 23

Mexican steel scrap prices have increased again for almost every grade in the steelmaking regions of Monterrey and Bajio, with buyers continuing to try to secure supply

Another rally in hot band prices is under way in the United States, not long after the coronavirus pandemic and Section 232 tariffs pushed the hot-rolled coil index to break new records in 2020 and 2021