The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

As the country moves to make the quota tariff against steel imports work, concerns are growing within the Brazilian steel industry over a potential surge in imports of finished steel products, particularly fastening materials such as screws, nails, bolts and wires, which could impact the entire supply chain, sources have told Fastmarkets.

Fastmarkets has corrected its price assessment for steel reinforcing bar (rebar) domestic, exw Italy, which was published incorrectly on Wednesday February 1 due to an error.

There is a “strong possibility” that a third electric-arc furnace (EAF) rebar mini mill with a 600,000 ton per year annual capacity will be built by Highbar LLC in the future, David Stickler, senior managing partner of Global Principal Partners, told Fastmarkets on Thursday February 9

Seaborne prices for high-grade manganese ore delivered to China fell sharply in the week to Friday August 16, in the wake of growing resistance from buyers to high prices, Hebei Steel’s cut in August alloy tender price and reduced downstream demand

China’s ferro-alloy industry continues to track toward sustainable development, focusing on decarbonization as a foundation and utilizing renewable energy and advanced technologies to reduce electricity consumption, waste gas and slag.

Turkey has announced a halt on exports to Israel of a range of steel, aluminium and copper products amid the continued conflict in Gaza, the Turkish Ministry of Commerce said on Tuesday, April 9.

Leading Chinese steelmakers will raise prices for their products by up to 600 yuan ($85) per tonne for domestic sales in November, following a significant rally in Shanghai steel futures prices and an increase in demand, sources told Fastmarkets on Thursday October 10.