Posco and the Adani Group’s recently announced steel project will likely add to the steel oversupply in India until demand picks up sufficiently to consume the surplus volumes, market sources told Fastmarkets this week. “While steel demand in India is expected to increase until 250 million tonnes per year eventually, it really depends on whether […]

ArcelorMittal plans to ramp-up production at its cold-rolling steel mill in Krakow, Poland, until the end of this year, the company said this week. The company announced an investment program worth 105 million zloty ($26.4 million) for its CR mill in Krakow, which has capacity for 1 million tonnes per year. “As part of the […]

Steelmakers have been using some of their windfall profits to acquire downstream businesses at a higher-than-average rate, and industry participants believe this trend will continue through 2022

Fastmarkets proposes amend the specification of its weekly assessment for steel hot-rolled coil import, cfr Saudi Arabia, $/tonne, with regard to the thickness of material considered

Fastmarkets published its weekly steel hollow structural sections price earlier than scheduled on Thursday January 13 due to a reviewer error

Two Turkish mills have returned to the North American deep-sea ferrous scrap market to secure one cargo each from the United States and Canada. A Canadian exporter sold a cargo of unspecified tonnage to a Turkish mill comprising No1 heavy melting scrap priced at $480 per tonne cfr and shredded scrap and bonus-grade material priced […]

Commercial Metals Co (CMC) is focusing on sustainability and growth after kicking off 2022 with a record quarter and a confident fiscal outlook, the company’s top executive said on Monday January 10. “Before we can responsibly talk about growth, we need to be certain that what we are growing is sustainable,” chairperson, president and chief […]

China aims to raise the share of non-fossil fuels in total energy consumption to about 20% and 25% by 2025 and 2030 respectively, according to an action plan formulated by the Central Committee of the Communist Party of China and the State Council to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by […]

Sharp rises in carbon and energy costs, along with the introduction of “green steel” in Europe, will lead to changes to traditional pricing mechanisms in 2022, Fastmarkets understands. Some steelmakers have already started to implement surcharges for carbon and energy costs, whereas previously production costs have been included in the base prices of the steel […]

China’s steel production and end-user demand are likely to experience some dampening in 2022 amid the country’s stringent decarbonization policies, market participants told Fastmarkets