July 2021

CIS PIG IRON: Market down on low demand among steelmakers

Export prices for pig iron from the Commonwealth of Independent States went down during the week to Thursday July 22 on low demand. Steelmakers were not active in the market, with only small-volume sales being made to distributors and foundries.

FOCUS: How carbon trading in China could change its ferrous sector

The world's largest carbon trading market is slowly gaining momentum and will eventually be a key component of China's ferrous industry, market sources told Fastmarkets this week.

Pig iron exports from south of Brazil muted, offers unchanged

The pig iron export market from Brazil was muted again during the week to Friday July 16 because suppliers have been concentrated on the local market, sources told Fastmarkets.

US PIG IRON: Market slow, buyers expect lower prices

The pig iron import market in the United States was slow during the week to Friday July 16 because buyers held sufficient stocks and were waiting for prices to be reduced.

CIS PIG IRON: Market softens on lower demand

Export prices for pig iron from the Commonwealth of Independent States fell over the week to Thursday July 15 because buyers had restocked earlier and were in no hurry to make new purchases.

ArcelorMittal Kryvyi Rih prepares to modernize BF No9, capacity to rise by 36%

Ukraine’s ArcelorMittal Kryvyi Rih has begun modernization of its blast furnace (BF) No9. The BF has a current capacity of 3.7 million tonnes per year of hot metal but the reconstruction will increase capacity by 35.7%, to 4.5 million tpy, sources told Fastmarkets.

SSF 2021: Challenges in shift to carbon neutrality in China’s steel industry

China’s steel industry is driving a change towards carbon-neutral or low carbon-based steel production in response to national plans to reach peak carbon by 2030 and carbon neutrality by 2060.

SSF 2021: Innovation becoming ‘critically important’ in decarbonization - JFE Steel

The global push to decarbonize the steel industry means innovation is becoming increasingly important, according to speakers at the Singapore Steel Forum 2021 on Wednesday July 14.

SSF 2021: Automotive producers likely to lead the drive to ‘green steel’

Automotive producers are likely to be the first downstream sector to shift toward using “green steel,” Saudi Arabian steel producer Sulb Co's chief executive Ravi Singh told delegates at the Singapore Steel Forum 2021 on Wednesday July 14.

EU GREEN STEELMAKING: ArcelorMittal Sestao to have zero carbon emissions

ArcelorMittal has announced that its Sestao plant in Spain will become a full-scale zero carbon-emissions steel plant through the use of green hydrogen and renewable electricity as part of a €50 million ($59 million) investment.