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The steel industry underpins the global economy. It is deeply intertwined with other industries like automotive, construction and energy – making it subject to risks and opportunities from multiple directions. Decarbonization initiatives also have significant implications for anyone buying, selling or trading in steel markets. These risks include shifts in international competitiveness and the financial risk associated with carbon pricing and regulations. On 8 June, Fastmarkets launched a suite of green steel prices to bring clarity and support investment decisions needed to reduce emissions.
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At least three reasons have been identified by market participants as the key factors constraining demand for high-grade iron ore concentrate and pellet in China – in turn, prompting premium levels to narrow
The first sale of 130mm blast furnace (BF)-based steel billet by a large Indonesian steelmaker was a significant moment for the Philippines import market because it will create more purchasing choice for buyers, sources said on the sidelines of Fastmarkets’ Singapore Steel Forum
Seaborne iron ore concentrate and pellet prices rose slightly in the week ended Friday May 6, tracking the upward momentum in the iron ore fines segment, market sources said
Nissan Motor has announced plans to invest more than $700 million in Mexico over the next three years
French steel tube maker Vallourec has partially resumed operations at its Pau Branco iron ore mine in Brazil, almost four months after halting the unit because of a dam spill, it said on Wednesday May 4
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
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