Czech steelmaker Trinecké Železárny plans a major overhaul of one of its two operational blast furnaces this summer, with the aim of reducing its carbon footprint by cutting emissions, the company said this week.

Increasing scrap flows and bearish appetites led to softer prices in the majority of international steel scrap markets in the week to Friday March 12.

Steel inventories at member mills of the China Iron & Steel Association (Cisa) and in the spot market both increased in early October, although mills cut crude and finished steel output, according to data released on Wednesday October 14.

Prices for shredded steel scrap imported into India and Pakistan trended downward in the week to Friday March 26 as a result of slow trading activity and weak demand, sources told Fastmarkets.

The latest forecasts from Fastmarkets’ team of analysts is ready to view.

Prices for shredded steel scrap imported into India and Pakistan were largely unchanged over the week to Friday March 5 on lackluster interest among mills, sources have told Fastmarkets.

Brazil-based steelmaker Gerdau expects the metal spread in its North America division to remain stable in the coming months after the company was able to secure ferrous scrap at competitive prices, chief executive officer Gustavo Werneck said on Wednesday August 5.

Following an extended consultation period, Fastmarkets is to discontinue four Argentinian steel price assessments from Friday October 9, following a long period of low liquidity and an inactive spot market.

Steel market participants often identify iron ore as the key driver of steel prices because mills typically formulate their pricing strategies based on raw material costs - but this appears to have changed in 2020.

Following initial research and consultation among market participants, Fastmarkets proposes to launch a weekly price assessment for ferro-niobium, delivered consumer works Europe, duty paid.