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US, UK sanctions on Russia’s Metalloinvest to have limited impact on HBI market
The latest Western sanctions arising from Russia's invasion of Ukraine will have little impact on the global hot-briquetted iron (HBI) market unless key buyers in the European Union adopt the measures, Fastmarkets understands
April 21, 2023
·
By Marina Shulga
Insights
End of open consultation on Fastmarkets’ cfr Manila steel billet price assessment methodology
Fastmarkets invited feedback from the industry on the pricing methodology for its steel billet import, cfr Manila, $/tonne, price assessment, via an open consultation process between March 6 and April 6, 2023.
April 10, 2023
·
Insights
Cliffs set $65-per-hundredweight HRC base price to prop up softening market
Cleveland-Cliffs announcement on Monday, April 3 of a $100-per-short-ton increase on all carbon hot-rolled, cold-rolled and coated steel products is aimed at bolstering a softening hot-rolled coil spot market in the United States, sources told Fastmarkets
April 5, 2023
·
By Rijuta Dey
Insights
China’s roadmap to green steel
Wenbo He, secretary of the Party Committee and executive chairman of the China Iron and Steel Association (CISA), spoke about China's green steel plans at the integration conference of green steel, green energy and green finance industries on March 2
April 5, 2023
·
By the Fastmarkets team, Jessica Zong, Min Li
Insights
EU energy fears eased, but long-term concerns linger
European energy analysts' “what if” questions have turned into “what now” questions in the wake of Russia’s stalled war efforts against Ukraine
March 30, 2023
·
By Mark Burgess
Insights
Ferro-chrome decarbonization: Taking care of details is key – Outokumpu
As the world moves toward a shared goal of net-zero emissions, Claire Patel-Campbell talks to Outokumpu's head of group sustainability, excellence and reliability about the place of the energy-intensive and high emissions ferro-chrome industry in a greener economy
March 28, 2023
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By Claire Patel-Campbell
Insights
Chinese HRC prices rise on improved trading
China’s hot-rolled coil steel prices increased on Tuesday March 28, with domestic trading improving from the previous week, traders told Fastmarkets
March 28, 2023
·
By Zihuan Pan
Insights
EV affordability drive may help retain SBQ demand: analyst
A drive by electric vehicle (EV) manufacturers to improve the affordability of their cars may upend an expectation by some market observers that future EV dominance of automotive production will sharply reduce demand for special bar quality (SBQ) steel
March 23, 2023
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By Robert England
Insights
Flack to acquire steel, aluminium OEMs to drive US hedging adoption
Flack Global Metals (FGM) will acquire steel and aluminium original equipment manufacturers (OEMs) and incorporate its hedging model into those businesses to accelerate the adoption of the financial tool in the United States, Flack’s founder and chief executive officer Jeremy Flack said
March 15, 2023
·
By Rijuta Dey
Insights
Increased steelmaking capacity in US South may help cap price hikes
Hot-rolled steelmaking capacity in the US South increased by nearly a quarter in a two-year period and is still growing, which sources believe will help to keep prices relatively low
March 6, 2023
·
By Abby Verret
Insights
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