Fastmarkets proposes to amend the specifications of its iron ore 62% Fe fines, fot Qingdao indices to align with the specifications for mid-grade sinter fines in China’s portside market.

ArcelorMittal Long Products Canada filed a $2.77 million claim in federal court in Peoria, Illinois against Liberty Steel & Wire Monday August 25 for unpaid purchases of billet shipped to Liberty’s Georgetown, South Carolina facility from September 2023 to the plant’s closing in April 2024.

Vietnam and Brazil were the most impacted by the US Department of Commerce’s final affirmative determination in the anti-dumping duty (AD) and countervailing duty (CVD) investigations of corrosion-resistant steel products (CORE) from ten countries.

Based on feedback received, Fastmarkets will maintain the current iron ore 61% Fe fines specifications to preserve consistency in face of evolving mid-grade fines quality. This decision will have no material impact on pricing. This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International […]

Fastmarkets launches MB-FEN-0008 nickel pig iron, high-grade NPI content 10-14%, cif China, yuan/nickel unit price on Friday August 15.

New steelmakers in Southeast Asia are embracing hydrogen-based DRI, electric arc furnaces and renewable energy to advance green steel production and counter oversupply pressures, reshaping both market competition and raw material demand.

Steel’s future is being forged in a crucible of competing demands. As the global push for greener production gains momentum, today’s market continues to favor low-cost, lower-grade ores. This “iron ore paradox” puts producers, investors and policymakers at a pivotal intersection. While economic realities make lower-grade ores attractive now, the industry can’t ignore the drive to decarbonize steel production. 

The SGX 65% Fe iron ore futures contract reached record trading volumes as Chinese steelmakers sought high-grade ores amid tighter production restrictions. This surge underscores the growing role of premium-grade iron ore derivatives in global steel and raw materials markets.

The rationale for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao index on Friday August 8 had erroneously omitted the judgment for carry-over step. The rationale entry has been corrected as follows: Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, CFR Qingdao fell by $0.08 per tonne from the previous day. The price movement was […]

Following a recent proposal to amend the specifications of the MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao index – specifically, the increase in the silica base specification from 2.2% to 2.7% – Fastmarkets will introduce the high-grade iron ore, 0.5% Si VIU, cfr Qingdao index. This new index is designed to support the market’s transition and provide […]