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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
Limited steel scrap supply keeps import prices in Turkey high
Turkish steel producers continued to face weak demand for finished steel products in the export markets and locally
August 25, 2022
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By Elina Virchenko
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
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By Lee Allen, Paul Lim
Insights
BMW seals deal with H2 Green Steel on low-CO2 steel deliveries
German carmaker BMW Group signed an agreement with Swedish green steel maker H2 Green Steel to supply low-CO2 steel for vehicle production at its European plants, Fastmarkets has learned
August 24, 2022
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By Julia Bolotova
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
Landmark US bill a boon but may mean higher global metal market prices
The Inflation Reduction Act in the United States may ironically cause global metal market prices to rise for some metals used in electric vehicles (EVs), Fastmarkets sources said
August 12, 2022
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By Orla O'Sullivan
Insights
South African logistics woes support chromite price
Chromite prices rose further in the two weeks to Tuesday May 31 on support from cost pressures and logistical issues in South Africa
August 9, 2022
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By the Fastmarkets team
Insights
UG2/MG chrome ore prices experience sharpest decline since Sept 2021
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
August 9, 2022
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By Sybil Pan, Claire Patel-Campbell
Insights
European FeCr benchmark drops back to Q1 level
The European charge and high-carbon ferro-chrome benchmark for the third quarter of 2022 has slumped by 16.7% from the previous quarter’s settlement to $1.80 per lb
August 9, 2022
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By Claire Patel-Campbell
Insights
BMW to use green steel from China’s HBIS for car production
BMW Group will start to use low-carbon steel from Chinese steelmaker HBIS Group in vehicle production at its plants in China from mid-2023, the German carmaking giant said on Thursday August 4
August 5, 2022
·
By Zihuan Pan
Insights
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