Brazil-based iron ore producer Vale and Japanese steelmaker Nippon Steel have signed a memorandum of understanding (MoU) to seek decarbonization solutions for the industry, the Brazilian company said on Tuesday April 26

Nucor is targeting new energy sources — including wind, solar and nuclear — to help reduce its greenhouse gas (GHG) emissions and meet its sustainability goals, chairman and chief executive officer Leon Topalian stated during the company’s investor conference call on Thursday April 21

New trade settlement methods that are emerging in spot steel transactions against the backdrop of the worsening Ukraine-Russia war may indicate a lasting shift in the global steel marketplace, market sources told Fastmarkets recently

Russia will likely ship more coking coal to India and China amid mounting sanctions levied by countries around the world for its war in Ukraine, market sources told Fastmarkets recently.

Federally funded infrastructure projects in the United States may only use steel that is melted and poured in the US, the Office of Management and Budget for the Biden administration said in a statement on Monday April 18

European buyers have rejected Indian hot rolled coil export offers even while mills have sharply rolled back their prices.

Japanese buyers are increasing their bids for ferrous scrap to prevent exports of the steelmaking raw material, hoping to feed domestic steel production amid solid demand and healthy margins

Fastmarkets’ United States offices will be closed on Friday April 15 in observance of Good Friday. There will be no separate AMM Daily Newsletter or AMM Scrap Settlements newsletter dated Tuesday April 19, although automated newsletters will still be available via the Fastmarkets Dashboard.

Hot-rolled coil prices in the United States remained above $74 per hundredweight in the second week of April, with steady demand for spot material and restricted supply bolstering the hot-band price

Fastmarkets is inviting feedback from the industry on the pricing methodologies for the following assessments: steel cold-rolled coil, fob mill US; steel hot-dipped galvanized coil (cold-rolled base), fob mill US; and steel cut-to-length plate carbon grade, fob mill US.