August 2021

AT A GLANCE: FMG sets higher y-o-y iron ore shipment guidance for FY2022

A summary of Fortescue Metals Group’s (FMG) latest production report published on Thursday July 29, covering the three months to June 30

AM/NS India reports higher earnings on increased shipments despite covid oxygen crisis

ArcelorMittal Nippon Steel India (AM/NS India), the joint venture between ArcelorMittal and Nippon Steel, has reported higher earnings and shipments for its second quarter and first half of the year ended 30 June 2021, despite a resurgence of the pandemic.

FMG says green energy arm 'making good progress' in decarbonization

Fortescue Metals Group's green energy company Fortescue Future Industries (FFI) is making good progress on its energy transition targets, the iron ore miner said in its earnings report released last week.

US Steel’s ‘best days ahead’: Burritt

US Steel has its best days ahead, the company's top executive said during an earnings call on Friday July 30.

Stickler exits CEO role at Big River Steel [update]

David Stickler is no longer chief executive officer at US Steel subsidiary Big River Steel, with Dan Brown taking the reins as chief operating officer, the company confirmed to Fastmarkets on Friday July 30.

Turkish flat steel exports down 12% in June on falling HRC shipments

Turkey exported 539,128 tonnes of flat steel products in June 2021, down by 12.56% year-on-year from 616,565 tonnes exported in June 2020, according to the latest report from the Turkish Statistical Institute (TUIK).

TRADE CASE MONITOR: Around the world's steel markets in July 2021

While competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in July 2021.

Turkish flat steel imports down 9.97% year on year in June, but imports increase by 26.87% in January-June

Turkey imported 652,091 tonnes of flat steel in June 2021 versus 724,286 tonnes in 2020, down by 9.97% year on year, the Turkish Statistical Institute (TUIK) said.

FOCUS: Covid-19 resurgence in 8 Chinese cities casts doubt on steel demand recovery

The rapid spread of Covid-19 infections in at least eight major cities in China is casting doubt on the recovery of steel demand in the country for the rest of 2021, market sources said.