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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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Seaborne iron ore prices fell further on Friday, July 28 due to more concerns for crude steel production cuts in China
The US steel scrap market may drag the bottom in August with the market caught in a stalemate between tight supply and low demand
Dramatic changes are expected in the Japanese steel industry in the run-up to 2030, with exports of ferrous scrap expected to fall and local use of the material to soar amid the transition away from traditional blast furnace (BF) technology toward greater electric-arc furnace (EAF) capacity
The US ferrous scrap market remains in limbo ahead of August’s ferrous trade, with participants divided as to whether summer demand from the domestic and export markets will tip the balance of extremely low scrap flows in US sellers’ favor next month
China’s domestic stainless steel prices were flat over the week ending Wednesday July 19 amid weak demand, but some participants expected the central government to release stimulus policies for manufacturers to push up stainless steel demand
Leading European steelmaker ArcelorMittal has expanded its range of low carbon steel products, responding to increasing demand for carbon-reduced steel in Europe, Fastmarkets heard on Wednesday July 19
Fastmarkets’ mission is to meet the market’s data requirements honestly and independently, acting with integrity and care to ensure that the trust and confidence placed in the reliability of our pricing methodologies is maintained.
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