STEEL WEEK IN BRIEF: Rising DR pellet demand, declining European HRC prices, delayed EU safeguarding decision…

Fastmarkets reviews the major stories that have affected the steel market during the week ended Friday December 21.

Raw Materials Global demand for direct-reduction grade iron ore pellets is forecast to increase following the commissioning of Tosyali Algeria’s new direct reduced iron plant. Anglo American’s Minas Rio iron ore operation in Brazil is expected to produce 16 million-19 million tonnes of iron ore (wet basis) next year after it announced the restart of operations following a suspension earlier this year. Leading pig iron exporter Metalloinvest is to modernize two of its...


Ross Yeo

December 21, 2018

19:01 GMT