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    • Drop in Jan-May crude steel output in China drags down ferro-alloys markets
      The decline in crude steel output in the first five months of 2024 dragged down Chinese ferro-alloys markets, including ferro-silicon and silico-manganese, sources told Fastmarkets on June 21
      June 24, 2024
       · 
      By Tina Tong, Jessica Long
      Insights
    • China pushes for lower energy consumption and carbon emissions with steel production cuts
      Chinese domestic authorities are in discussions to implement tighter targets on crude steel production across the country, in a bid to reduce energy consumption and carbon emissions, Fastmarkets understands
      June 20, 2024
       · 
      By Norman Fong, Jessica Zong, Zihuan Pan, Jessica Long, Alice Li, Bella Cheng
      Insights
    • Slipping steel spot prices dent US mills’ Q2 guidance
      Declining steel prices will likely dent US mills’ earnings across the board for the second quarter, Fastmarkets has learned from recent company guidance releases
      June 18, 2024
       · 
      By Daniel Hilliard
      Insights
    • Mexico’s Deacero to add to green steel portfolio with new plant
      The June construction startup of a new steel plant in Deacero's complex in Ramos Arizpe, in the northeastern Mexican state of Coahuila, will position the company to meet future demand for lower-carbon steel nationally and abroad, a Fastmarkets analyst said on Monday June 17
      June 18, 2024
       · 
      By Renzo Pipoli
      Insights
    • Worsening weather disruptions drive increasing Galvalume adoption in roofing industry
      Extreme weather phenomenon, including catastrophic hurricanes, is driving increasing adoption of metal roofing and therefore Galvalume, market participants said during a trade show in Florida
      June 14, 2024
       · 
      By Rijuta Dey
      Insights
    • Brazil exhausts 4-month import license quota for Galvalume within 10 days of implementation
      Just 10 days after they were implemented, Brazilian importers have fully consumed the 62,300 tonnes of Galvalume reserved for import license quotas that were supposed to supply the market until the end of September, according to figures sent to Fastmarkets by the country’s Industry, Development and Trade ministry (MDIC)
      June 14, 2024
       · 
      By Gabriela Brumatti
      Insights
    • Metalworking, Person, Architecture
      Tata’s Port Talbot steel BFs to shut down regardless of UK election result, company says
      Tata Steel intends to continue with plans to close its blast furnaces at the Port Talbot Steelworks in Wales, and called for both of the UK’s major political parties to adhere to the terms of its plan to develop a lower-emissions electric-arc furnace-based steelmaking plant on the site, the firm said on Tuesday June 11
      June 12, 2024
       · 
      By Lee Allen, Darina Kahramanova
      Insights
    • hot steel blanks coming out of furnace
      China’s ‘special action plan for carbon reduction’ likely to shrink demand for traditional steelmaking raw materials
      A “special action plan for carbon reduction” unveiled by China's National Development & Reform Commission (NDRC) will reduce the need for coking coal and iron ore by focusing on upgrading existing equipment and the switch to electric-arc furnaces, sources told Fastmarkets this week
      June 12, 2024
       · 
      By Bella Cheng
      Insights
    • City, Steel, Urban
      China’s finished steel exports rise 15% year-on-year in May
      China’s exports of finished steel rose year on year in May, according to data published by the General Administration of Customs on Friday June 7
      June 12, 2024
       · 
      By Jessica Zong
      Insights
    • Fastmarkets launches new European prime scrap price forecasts amid decarbonization push
      European scrap consuming electric arc furnace output is rising, with demand for higher grade scraps to produce flat steel expected to grow. Fastmarkets has launched prime grade scrap forecasts to capture this
      June 7, 2024
       · 
      By Alexander Kershaw
      Insights
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