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Southeast Asia’s blast furnace capacity set for 25% growth
Blast furnace (BF)-based steelmaking capacity in Southeast Asia could balloon by 25% over the next few years with the emergence of new projects, the South East Asia Iron & Steel Institute (Seaisi) said recently
August 25, 2022
·
By Lee Allen, Paul Lim
Insights
Delayed publication of steel billet, cfr China
The publication of Fastmarkets’ steel billet, import, cfr China price assessment for Tuesday August 23 was delayed this week and was instead published on Wednesday August 24.
August 24, 2022
·
By Lee Allen
Insights
India’s beneficiation of low-grade iron ore could result in new trade patterns
India's push toward the beneficiation of low-grade iron ore could result in new trade patterns emerging in the future if implemented, market sources told Fastmarkets this week
August 19, 2022
·
By Paul Lim
Insights
Landmark US bill a boon but may mean higher global metal market prices
The Inflation Reduction Act in the United States may ironically cause global metal market prices to rise for some metals used in electric vehicles (EVs), Fastmarkets sources said
August 12, 2022
·
By Orla O'Sullivan
Insights
Why metals markets are responding differently to inflation this time round
Globalization, financialization and other key differences in today’s metals markets make comparisons to past periods of inflation potentially misleading. Fastmarkets experts discuss.
August 12, 2022
·
By Alexander Kershaw
Insights
EU metal-shipping crisis worsens after Rhine River water levels plummet
An alarming drop in water levels in Germany’s Rhine River and other key waterways in Europe has led to massively strained logistics in shipping commodities across Europe, driving up costs and exacerbating material supply, sources told Fastmarkets
August 11, 2022
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By Lee Allen, Carrie Bone, Julia Bolotova, Elina Virchenko
Insights
US steel market divided on impact of Nucor’s sheet price hike
Participants in the US steel market were divided on the impact of a price increase from Nucor’s sheet mill group this week, with some suggesting hot-rolled coil prices could fall further while others were optimistic that announcement could halt - or even reverse — the recent downtrend
August 9, 2022
·
By Rijuta Dey
Insights
Three themes from US steelmakers’ Q2 2022 earnings calls
Executives at major flat-rolled steel producers in the United States discussed three common themes during their companies’ earnings calls for the second quarter of 2022, sharing views on a potential recession, affects from recent government policy changes and trends in steel raw materials
August 8, 2022
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By Grace Asenov
Insights
BMW to use green steel from China’s HBIS for car production
BMW Group will start to use low-carbon steel from Chinese steelmaker HBIS Group in vehicle production at its plants in China from mid-2023, the German carmaking giant said on Thursday August 4
August 5, 2022
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By Zihuan Pan
Insights
Infrastructure projects will spark steel boom in Bangladesh, BSRM’s Sengupta says
Fresh infrastructure projects in Bangladesh will drive significant steel demand and make doing business in the country easier in the coming years, Tapan Sengupta, the deputy managing director of steelmaker Bangladesh Steel Re-Rolling Mills (BSRM) told Fastmarkets in an exclusive interview
August 4, 2022
·
By Lee Allen
Insights
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