Steel and steel raw materials

After the Chinese Lunar New Year holiday, the seaborne iron ore market will be affected by the macro-economic environment, seasonally low supplies and ongoing or additional steel production cuts in northern China, sources told Fastmarkets this week.Positive monetary policy boostMarket sentiment has been particularly sensitive, in the short term, to official Chinese government economic or […]

China imported a total of 552,892 tonnes of steel scrap in 2021, an increase of 1,938% from the prior year, according to the latest Chinese customs data. China has restricted imports of the steelmaking raw material since July 2019. It only began allowing certain grades to be brought in at the start of 2021. In […]

Ukraine’s largest national steelmaker, Metinvest, plans to cut its greenhouse gas emissions by 15% by 2030, and by 40% by 2040, according to media reports

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