Despite an ongoing price correction in the larger steel hot-rolled coil market in the United States, optimism is building in the oil country tubular goods (OCTG) and line pipe sectors, sources told Fastmarkets

A sudden downturn in rebar futures on the SHFE put pressure on spot prices on Wednesday February 9, after a slump in iron ore futures was sparked by news that the Chinese authorities plan to strictly supervise speculation about the iron ore market

Fastmarkets charts the steady and recently rapid rise of southern steelmaking, and its possible impact on ferrous scrap markets and pricing

Steel Dynamics Inc (SDI) has completed its purchase of a 45% minority equity interest in its single largest flat-roll steel customer, the Fort Wayne, Indiana-based steelmaker announced on Monday January 31. New Process Steel is a Houston-based metals solutions and distribution supply-chain management company. This investment – first announced in October 2021 – expands SDI’s […]

CME Group’s busheling futures contracts traded 66 lots (1,320 gross tons) on Tuesday January 25, up from 15 lots during the previous session

After the Chinese Lunar New Year holiday, the seaborne iron ore market will be affected by the macro-economic environment, seasonally low supplies and ongoing or additional steel production cuts in northern China, sources told Fastmarkets this week. Positive monetary policy boost Market sentiment has been particularly sensitive, in the short term, to official Chinese government […]

China imported a total of 552,892 tonnes of steel scrap in 2021, an increase of 1,938% from the prior year, according to the latest Chinese customs data. China has restricted imports of the steelmaking raw material since July 2019. It only began allowing certain grades to be brought in at the start of 2021. In […]

Ukraine’s largest national steelmaker, Metinvest, plans to cut its greenhouse gas emissions by 15% by 2030, and by 40% by 2040, according to media reports

Posco and the Adani Group’s recently announced steel project will likely add to the steel oversupply in India until demand picks up sufficiently to consume the surplus volumes, market sources told Fastmarkets this week. “While steel demand in India is expected to increase until 250 million tonnes per year eventually, it really depends on whether […]

ArcelorMittal plans to ramp-up production at its cold-rolling steel mill in Krakow, Poland, until the end of this year, the company said this week. The company announced an investment program worth 105 million zloty ($26.4 million) for its CR mill in Krakow, which has capacity for 1 million tonnes per year. “As part of the […]