Japanese buyers are increasing their bids for ferrous scrap to prevent exports of the steelmaking raw material, hoping to feed domestic steel production amid solid demand and healthy margins

Seaborne iron ore prices fell on Monday April 11 due to depressed market sentiment prompted by the rise in Covid-19 cases in China, sources told Fastmarkets

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