March 2021

Anglo American plans iron ore output of 26.5 mln tpy at Minas-Rio by 2025

Global miner Anglo American plans to reach a production level of 26.50 million tonnes per year at its Minas-Rio iron ore project in Brazil between now and 2025 as it goes ahead with the ramping-up of the unit’s output.

Uptrend continues in Brazilian pig iron export market on new sales

The pig iron export market from Brazil continued to increase during the week to Friday March 5 on new sales.

US PIG IRON: Prices up again in latest deals

The pig iron import market in the United States went up again during the week to Friday March 5 on new sales at higher prices, market sources have said.

MOLYBDENUM SNAPSHOT: Prices drift in quiet conditions; oxide underpins

Key data from the March 5 pricing session in London.

STEEL SCRAP WRAP: Global prices continue surge on strong demand

Steel scrap prices continued to surge this week due to sustained demand from buyers in all markets, with the exception of India. Downstream steel prices have supported raw material price increases in Asia, with buyers melting scrap to feed demand for billet and long steel products.

SOUTH ASIA STEEL SCRAP: Mills shy away from imports

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.

Indian mills cut domestic HRC prices by $14 per tonne on sluggish demand

Indian steel mills have cut domestic hot-rolled coil prices for March sales by 1,000 rupees ($14) per tonne on sluggish demand and lower domestic iron ore prices.

UK STEEL SCRAP WEEKLY: Light iron market extends rally for third week

The recent rally in the light iron steel scrap market in the UK extended into a third week amid a persistent tightness of supply into yards and firm demand for exports, sources told Fastmarkets on Friday March 5.

TURKEY COATED FLAT STEEL: Price increases continue amid strong demand

Hot-dipped galvanized (HDG) and color-coated coil prices in Turkey rose further during the week to Friday March 5, supported by strong demand in domestic and export markets, especially Africa, sources told Fastmarkets.

DAILY STEEL SCRAP: Turkish mills, fueled by export rebar sales, book more scrap

Turkish steel mills continued their deep-sea scrap purchases for April shipments on Friday March 5, with support coming from finished steel sales in the global markets, sources said.