October 2021

CIS PIG IRON: Deal prices keep rising on bullish outlook

Prices achieved in export deals for pig iron from the Commonwealth of Independent States region continued to rise in the week to Thursday October 21, supported by limited allocations of material and bullish expectations for the future price trend.

Metalloinvest to build world's largest HBI facility

Russia’s Metalloinvest plans to construct the world's biggest hot-briquetted iron (HBI) facility, to help speed up the transition to green steel production, the company said this week.

Pig iron export market from southern Brazil up on new sales

The market for pig iron exports from the south of Brazil went up during the week to Friday October 15 because of new sales, Fastmarkets has heard.

US PIG IRON: Prices up on positive global market mood

Prices in the United States’ pig iron import market went up during the week to Friday October 15 amid an improved global market mood, sources told Fastmarkets.

FOCUS: High price of coking coal pressures CIS steelmakers, particularly in Ukraine

Record-high coking coal prices have been pressuring steelmakers in the Commonwealth of Independent States (CIS), mainly in Ukraine, because of a dependence on imports, sources told Fastmarkets.

CIS PIG IRON: Prices rise on new sales amid bullish supplier outlook

The export pig iron market from the Commonwealth of Independent States improved in the week to Thursday October 14, with new sales to Italy and a bullish mood among suppliers.

INTERVIEW: Carbon oversupply in China could cap price surcharges

An oversupply of emissions trading credits in China by more than 1.5 billion tonnes of carbon dioxide will likely cap carbon prices in the country, TransitionZero carbon analyst Matt Gray told Fastmarkets in an interview.

CHINA PIG IRON: Market continues uptrend amid tighter supply

Prices for imported basic pig iron into China increased over the past fortnight amid a shortage of material available from sellers, market sources told Fastmarkets on Thursday October 14.

Indian secondary billet prices edge down; DRI prices rise on coal shortage

Indian domestic secondary billet prices fell by 300 rupees ($4) per tonne week on week, despite the price of other key raw materials such as direct-reduced iron (DRI) continuing to rise.

US PIG IRON: Trading activity low on uncertainty

Trading activity in the United States' pig iron import market was low in the week to Friday October 8 due to uncertainty about the direction of prices.