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China’s steel industry enters a new era after six years of prosperity
After six years of prosperity, China’s steel industry has entered a new era with excessive supply and declining demand, and where it is overly financialized, according to Han Weidong, vice president of leading Chinese steel pipe maker Youfa Group
August 30, 2022
·
By Olivia Zhang
Insights
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
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
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By Paul Lim
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
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By Lee Allen
Insights
Green steel appetite driven by urbanization, sustainability awareness – Gunung Raja Paksi
Increasing urbanization around the world is one of the main factors driving appetite for green and sustainable steel, Abednedju Giovano Warani Sangkaeng, president director of Indonesian steelmaker Gunung Raja Paksi (GRP), told Fastmarkets in an interview
July 26, 2022
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By Jessica Zong
Insights
Key Asia bulk import steel scrap markets record sharp rise amid pre-Eid buying
A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets
July 7, 2022
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By Lee Allen, Tianran Zhao
Insights
Asian recovered paper sellers resist buyers’ pressure for lower prices in anticipation for higher demand
RCP sellers are encouraged by the slow pick-up in packaging demand and OCC price trends.
June 17, 2022
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By Nick Chang
Insights
7 things we learned at Fastmarkets’ Singapore Steel Forum
The 2022 Singapore Steel Forum, located in the plush surroundings of the iconic Marina Bay Sands hotel, provided the ideal setting for market participants to discuss the hottest steel topics of the day last week
May 27, 2022
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By Lee Allen, Paul Lim
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
India’s recycling sector looks to benefit from carbon-neutral drive, MRAI says
India’s expanding recycling sector will look to capitalize on the opportunity presented by ambitious carbon neutrality targets in the country, according to the Material Recycling Association of India (MRAI)
May 3, 2022
·
By Lee Allen
Insights
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