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China’s ferrous market abandons ‘Golden March and Silver April’ expectation amid poor outlook and limited demand
Market participants seem to have abandoned expectations of a “Golden March and Silver April” in China’s ferrous market due to a slow restart of construction, as well as maintenance of steelmaking facilities planned for March, sources told Fastmarkets
March 4, 2024
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By Jessica Zong, Alice Li, Bella Cheng, Shu Yi Zheng, Zihuan Pan, Jessica Long, the Fastmarkets team
Insights
How Ukraine’s war-torn steel industry has transformed since Russia’s invasion, with closer ties to EU
This week marks two years since Russia invaded Ukraine on February 24, 2022, but despite the resulting threats and challenges thrown up by the war, the Ukrainian steelmaking sector has managed to adapt. Here, Fastmarkets recaps the key changes
February 27, 2024
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By the Fastmarkets team, Vlada Novokreshchenova, Julia Bolotova, Marina Shulga
Insights
7 key reasons for BHP’s cooling steel outlook
Amid inflation and a global economic slowdown, BHP's outlook for the steel industry in China, the world's largest steel producer, has become less optimistic
February 27, 2024
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By the Fastmarkets team, Jessica Zong, Zihuan Pan, Nabilah Awang
Insights
Auto industry’s green steel awareness varies, according to CALSTART
Despite auto manufacturers' clear demand and willingness to pay a premium for green steel, understanding of the product varies widely in the industry, with larger OEMs like Ford, General Motors, and Volvo actively competing for its limited supply
February 19, 2024
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By Alesha Alkaff
Insights
Brazil’s commodities industry calls for 25% duty barrier to imports; end users express concern
Amid record volumes of imports, the Brazilian paper industry has joined steelmakers in requesting up to 25% import tariffs for certain products, which has worried importers and end users. In the wake of the Brazilian steel sector’s pleas in 2023, the Brazilian Tree Industry Association (Ibá) requested on January 16 that the government increase import duties […]
February 8, 2024
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By Sandy Oliveira, Gabriela Brumatti
Insights
Iron ore pellet feed premium capped by rising supply and uncertain demand outlook
Trading activity for pellet feed imported into China increased in the week to Friday January 19, with more tenders from Australia. The pellet feed premium, however, continued to face downward pressure from uncertain demand outlook among market participants, sources told Fastmarkets
February 6, 2024
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By Alice Li
Insights
High stainless steel output in China led to jump in imports of raw materials in 2023
High stainless steel production in China in 2023 generated lofty imports of raw materials, including chrome ore, ferro-chrome, nickel pig iron (NPI) and ferro-nickel
January 25, 2024
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By Jessica Zong, Tina Tong, Dylan Duan
Insights
China to see resurgence of low-grade iron ore | 2024 preview
These changes are driven by the need to adapt to an uncertain market environment and a sluggish economy, especially with pessimistic steel demand from China's real estate sector
January 11, 2024
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By Alice Li, Norman Fong, Shu Yi Zheng
Insights
Global steel markets: Three things that will change and three that won’t | 2024 preview
The landscape surrounding the steel markets is set to shift in 2024, but will some things really change? We explore three potential twists that could reshape the steel market, alongside three things that probably won't budge
January 2, 2024
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By Janie Davies, Jessica Zong, Paul Lim, Zihuan Pan, Nabilah Awang, Daniel Hilliard
Insights
Asia’s green steel opportunities, evolving trade patterns the focus in Year of Dragon | 2024 preview
While navigating the Asian steel markets in 2024, market participants will come up against both supply chain bright spots and demand uncertainty characterized by a sluggish Chinese property sector and green steel pressures
January 2, 2024
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By Jessica Zong, Paul Lim, Jessica Long, Zihuan Pan, Olivia Zhang, Tina Tong, Nabilah Awang, Bella Cheng
Insights
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