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Chile launches economic strengthening plan in wake of steelmaker Huachipato closure
The Chilean Ministry of Economy released a strengthening plan to reverse — in the short and medium term — the reduction in jobs and the decline in industrial infrastructure and steel production due to the closure of the country's largest steel mill, Compañía Siderúrgica Huachipato, which officially ceased operations on Monday September 16.
September 19, 2024
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By Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Five factors that could accelerate or decelerate the adoption of a green steel premium in the US: LME Week
According to our survey of the US steel market, almost half of respondents believe it will take more than 18 months for a green steel premium to be collected in the US – here we explore the factors that could influence the speed of adoption
September 18, 2024
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By the Fastmarkets team
Insights
Four reasons why China faces an unparalleled steel crisis
Bearishness lingers in China’s ferrous market despite price rises seen for some steel products in recent days, market participants told Fastmarkets in the week to Wednesday September 11
September 16, 2024
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By Jessica Zong, Tina Tong, Jessica Long, the Fastmarkets team
Insights
Colombian steelmakers condition construction of new flat steel plant on adoption of trade defenses
Colombian steelmakers conditioned the viability of building the country's first flat steel plant on the adoption of trade defense measures against imports, the companies said on Friday, September 6.
September 11, 2024
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By Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Green steel premiums not enough to offset technology costs in the short term: China Steel Congress
The willingness among steel consumers to pay premiums for ‘green’ products was not enough to offset the extra cost of the technology transition in the short term, according to Dr Karel Eloot, senior partner in the global materials insights department of management consultant McKinsey & Co.
September 5, 2024
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By Zihuan Pan
Insights
US scrap trends outlook: September 2024
Here are the key takeaways from market participants on scrap metal prices, market confidence, inventory and more from our September survey
September 5, 2024
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By the Fastmarkets team
Insights
Launch of UAE import light and medium steel sections S235-SS400 assessment
Fastmarkets launched a price assessment for MB-STE-0920 steel sections (light and medium), S235-SS400, import, cfr Jebel Ali, UAE on Wednesday September 4.
September 4, 2024
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By Serife Durmus
Insights
Finished steel product import surge threatens Brazilian wire rod market amid quota policy
As the country moves to make the quota tariff against steel imports work, concerns are growing within the Brazilian steel industry over a potential surge in imports of finished steel products, particularly fastening materials such as screws, nails, bolts and wires, which could impact the entire supply chain, sources have told Fastmarkets.
September 2, 2024
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By Ana Enis
Insights
Nippon Steel promises additional $1.3 billion in US Steel upgrades if buy survives
Nippon Steel doubled down on its promised billion-dollar-plus capex investment promise to US Steel on Wednesday August 28, drawing the ire of the United Steel Workers (USW) labor union..
August 30, 2024
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By Dan Hilliard
Insights
Early publication of US hot-rolled coil index
Fastmarkets' daily price for hot-rolled coil in the US Midwest was published early on Friday August 23 due to an error.
August 23, 2024
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By Rijuta Dey
Insights
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