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India could withdraw from steel export markets because of new duties
India may become increasingly absent from the global seaborne steel markets following the introduction of an export duty at a rate of 15% on a raft of steel products, sources told Fastmarkets
May 23, 2022
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By Lee Allen, Jessica Zong, Paul Lim, Olivia Zhang
Insights
Chinese HRC prices dip after demand concerns negate support from Indian export duties
China’s hot-rolled coil prices dipped on Monday May 23, with market sentiment subdued by persistent concerns over demand
May 23, 2022
·
By Zihuan Pan
Insights
Ukraine to turn steel importer once post-war reconstruction starts, think tank says
Ukraine will likely turn into a net importer of steel once the war situation eases and reconstruction efforts start, Stanislav Zinchenko, chief executive of Ukraine-based think tank GMK Center, said at the Singapore Steel Forum on Thursday May 19
May 19, 2022
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By Paul Lim
Insights
Ukrainian steelmakers welcome US decision to suspend 232 tariffs, call for cancellation of other restrictions
Ukrainian steelmakers, particularly Metinvest and Interpipe, have welcomed the decision by the United States to suspend Section 232 tariffs of 25% against imports of steel from the country for one year
May 18, 2022
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By Vlada Novokreshchenova
Insights
New steel capacity unlikely to depress prices
Flat-rolled steelmakers have more than 13 million short tons of new production capacity planned or under construction in the United States, but analysts do not foresee a glut depressing the market significantly in 2022
May 18, 2022
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By Abby Verret
Insights
New supply of smaller Indonesian steel billet a gamechanger for Philippines, sources say
The first sale of 130mm blast furnace (BF)-based steel billet by a large Indonesian steelmaker was a significant moment for the Philippines import market because it will create more purchasing choice for buyers, sources said on the sidelines of Fastmarkets’ Singapore Steel Forum
May 11, 2022
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By Lee Allen
Insights
Sliding US steel scrap prices undercut Japan’s offers in key Asian markets
Prices for United States-origin steel scrap were easily undercutting those for Japan-origin material in the markets of Taiwan and Vietnam this week, market sources told Fastmarkets on Wednesday May 4
May 4, 2022
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By Lee Allen
Insights
Broken trade flows
Steel scrap outlook: Where will the US steel market get its prime scrap?
May 3, 2022
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By Grace Asenov, Kimberly Leppold
Insights
Where will the US steel market get its prime scrap?
Broken trade flows, inflated steel prices and the pull of decarbonization targets are changing the way US steelmakers think, plan and run their day-to-day operations. Is the US steel scrap industry coming to an end of globalization and entering a new era of domestic sovereignty?
May 3, 2022
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By Grace Asenov, Kimberly Leppold
Insights
Tenaris sees opportunity in ‘changed’ world
A shifting world energy landscape has sparked thoughts of sustainable improvement in the oil country tubular goods and line pipe marketplace, Tenaris chairman and chief executive officer Paolo Rocca said during an earnings call on Thursday April 28
April 28, 2022
·
By Mark Burgess
Insights
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