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Mexican ferrous scrap prices extend upward momentum
Mexican steel scrap prices have increased again for almost every grade in the steelmaking regions of Monterrey and Bajio, with buyers continuing to try to secure supply
March 23, 2022
·
By Felipe Peroni
Insights
Quotas to replace 232 tariffs vs UK: Commerce
The United States and United Kingdom have reached a deal that will replace the Section 232 tariffs applied to US imports of steel and aluminium products from that country with a quota system, the US Department of Commerce announced on Tuesday March 22
March 23, 2022
·
By Lisa Gordon
Insights
HRC index spikes as pig iron soars in US
Another rally in hot band prices is under way in the United States, not long after the coronavirus pandemic and Section 232 tariffs pushed the hot-rolled coil index to break new records in 2020 and 2021
March 22, 2022
·
By Rijuta Dey
Insights
US drill rig count steady; Canada slumps
The number of drill rigs operating in the United States stayed steady for the second time in the past three weeks despite the recent climb in gas prices
March 21, 2022
·
By Mark Burgess
Insights
Brazil at steel decarbonization crossroads; charcoal, gas short-term options
Brazil, a country that already emits less greenhouse gases (GHG) per tonne of crude steel produced than the global average, seeks in charcoal and natural gas a way to take short-term steps on its lengthy decarbonization road, but its legacy integrated steelmaking capacity could be a hurdle
March 21, 2022
·
By Renato Rostás
Insights
Europe steel sections prices jump on soaring HRC costs, low availability
The price of steel hollow sections in the European domestic market jumped sharply again this week amid soaring costs and limited availability of hot-rolled coil (HRC) feedstock, sources told Fastmarkets on Wednesday March 16
March 16, 2022
·
By Ross Yeo
Insights
Europe to prohibit imports of iron, steel from Russia
The European Commission announced its fourth package of restrictive measures against trade with Russia on Friday March 11, in response to that country’s invasion of Ukraine
March 15, 2022
·
By Serife Durmus
Insights
Correction to price assessment for steel slab, export, fob Black Sea, CIS
Fastmarkets has corrected its weekly price assessment for steel slab export, fob Black Sea, CIS, which was published incorrectly earlier on Monday March 14 due to an error
March 14, 2022
·
By Ross Yeo
Insights
Russian HRC could be sold secretly via China
There is an increasing likelihood that Russian hot-rolled coil might be sold through Chinese channels in the near term due to the mounting sanctions being imposed on Russian oligarchs and businesses, a trader in Asia told Fastmarkets on Friday March 11.
March 11, 2022
·
By Paul Lim
Insights
Export prices for Chinese steel plate increase on war-fueled active buying
Export prices for Chinese heavy plate increased in the week to Tuesday March 8 amid active trading, which was partly fueled by fears over tightening supply amid the ongoing Russia-Ukraine war
March 10, 2022
·
By Min Li
Insights
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