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Nimba Iron Ore signals shift toward African high-grade fines supply
The proposed Nimba Iron Ore Project, owned and managed by High Power Exploration (HPX), may well emerge as the jewel of African high-grade iron ore supply, especially as development of new deposits continues in Liberia and Guinea, which could disrupt the iron ore supply landscape in the future
March 22, 2022
·
By Paul Lim
Insights
Brazil at steel decarbonization crossroads; charcoal, gas short-term options
Brazil, a country that already emits less greenhouse gases (GHG) per tonne of crude steel produced than the global average, seeks in charcoal and natural gas a way to take short-term steps on its lengthy decarbonization road, but its legacy integrated steelmaking capacity could be a hurdle
March 21, 2022
·
By Renato Rostás
Insights
Suspended pricing for Ukraine/Russia pig iron
Fastmarkets has temporarily suspended pricing US pig iron basic grade, Ukraine/Russia, fob New Orleans effective Monday March 14 due to a complete halt in sales following the Russia-Ukraine conflict.
March 15, 2022
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By Sean Barry
Insights
Europe to prohibit imports of iron, steel from Russia
The European Commission announced its fourth package of restrictive measures against trade with Russia on Friday March 11, in response to that country’s invasion of Ukraine
March 15, 2022
·
By Serife Durmus
Insights
Iron ore market spooked by rising Covid-19 cases in China, limited demand for steel
Seaborne iron ore prices fell sharply on Monday March 14, amid rising concerns over the increase in new Covid-19 cases in several areas in China and the weakening of demand for steel, sources told Fastmarkets
March 15, 2022
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By Alex Theo
Insights
Russian steel suppliers search for export opportunities to bypass sanctions, sources say
Steelmakers in Russia have been searching for export opportunities with countries that do not support Western sanctions, sources told Fastmarkets on Wednesday March 9
March 10, 2022
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By Marina Shulga
Insights
US ferrous scrap export market said set to soar
Turkish mills have been forced to pay $6 per tonne more for United States-origin ferrous scrap with the extreme curtailment of Black Sea billet shipments into global markets acutely intensifying demand for Turkish material, and there are more hefty increases for US ferrous scrap export prices on the horizon, sources told Fastmarkets
March 8, 2022
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By Amy Hinton
Insights
Vale expects landslide-hit Carajás railway to resume operations by Wednesday
Rail services for Vale’s Carajás operations are suspended after heavy rain caused a landslide at the Estrada de Ferro de Carajás (EFC) railway at the KM378+200 stretch, in the municipality of Bom Jesus das Selvas, in the Brazilian state of Maranhão
March 8, 2022
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By Alice Li
Insights
White House touts US manufacturing outlays
US President Joe Biden highlighted recent new capital investments in manufacturing during a White House event on Thursday March 4, at which Siemens USA president and chief executive officer Barbara Humpton announced a $54-million investment in producing equipment for electrical infrastructure
March 8, 2022
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By Robert England
Insights
Iron ore concentrate, pellet prices down despite post-holiday restocking by mills
Prices for seaborne iron ore concentrate and pellet decreased in the week ended Friday February 18 amid a downtrend in the high-grade fines sector, though some mills have started replenishing their inventories on an as-needed basis, market sources said
February 23, 2022
·
By Alice Li
Insights
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