STEEL WEEK IN BRIEF: EU steel consumption up, protectionism could boost M&A opportunities…

Metal Bulletin reviews the major stories that have affected the steel market during the week ended October 26.

Raw Materials The Singapore Exchange’s high-grade iron ore derivative contract will promote efficiency and transparency in price discovery and risk management related to this segment of the steelmaking raw material, market participants say. Global miner Vale has room to replace sales of lower-quality iron ore with high-quality material, due to the scale potential at its S11D mine and a pellet feed brownfield project. Samarco, the iron ore pellet producer with 50:50 ownership by Vale and BHP, should restart operations in Brazil early in 2020. Steel Apparent steel consumption in the European Union is expected to grow in 2018-19, but “trade frictions with the US...

Published

Ross Yeo

October 26, 2018

20:37 GMT

London