April 2021

US Scrap/DRI: New US EAF projects to add to sourcing challenges for prime scrap, substitutes

Supply of prime ferrous scrap grades and acceptable substitutes is expected to come under pressure due to additional electric-arc furnace (EAF)-based steelmaking capacity in the United States, according to Philip Gibbs, director of metals equity research for KeyBanc Capital Markets.

Brazilian pig iron export price up on further sales

Pig iron export prices from Brazil rose again during the week to Friday April 16 following further sales.

US PIG IRON: Market up on good demand, bullish suppliers

The pig iron import market in the United States went up during the week ended Friday April 16 amid good demand and bullishness among suppliers.

CIS PIG IRON: Market strong on demand in neighboring outlets; US market silent

The pig iron export market in the Commonwealth of Independent States was strong during the week to Thursday April 15 amid demand in neighboring outlets - though the import market in the United States was quiet.

INTERVIEW: Stephen Montague - Midrex Technologies

Stephen Montague tells Fastmarkets about his passion on the importance of people in his company’s success and the attitude and focus needed to have a positive impact in a decarbonizing steel industry.

China to import more steel for domestic production cut, Cisa says

Luo Tiejun, the vice president of the China Iron & Steel Association (Cisa) said the country will take measures to push down steel production in 2021 and raise imports.

South Brazilian pig iron export price up on new sales

Pig iron export prices from the south of Brazil increased due to new sales during the week to Friday April 9.

US PIG IRON: Market slow, booking heard only from Brazil

The United States' pig iron import market remained slow, with booking heard only from Brazil while a stand-off between buyers and suppliers from the Commonwealth of Independent States continued during the week to Friday April 9.

EU GREEN STEELMAKING: Volvo, SSAB to collaborate on fossil-free steel for vehicles

Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world’s first vehicles to be made of fossil-free steel, the companies said on Thursday April 8.

CIS PIG IRON: Market strong on bullish suppliers

The pig iron export market in the Commonwealth of Independent States remained firm during the week to Thursday April 8, amid suppliers’ bullish mood, market sources said.