January 2020

US PIG IRON: Prices under pressure from bearish scrap market

Pig iron import prices in the United States have softened under a bearish mood in the scrap market, sources told Fastmarkets on Friday January 24.

CIS PIG IRON: Low availability prevents prices from following scrap drop

Low pig iron availability in the export market from the Commonwealth of Independent States (CIS) prevented prices from following the rapid drop in the scrap market, sources told Fastmarkets during the week ended Thursday January 23.

SPECIAL REPORT: LOOK AHEAD - Steel market outlook for 2020

With the calendar having shifted to 2020, opportunities and threats abound for steel and steelmaking raw materials markets across the world.

EXCLUSIVE: Stemcor sold to China’s Cedar Holdings for $150 million

Global steel trader Stemcor has been sold to China’s Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22.

PRICING NOTICE: Fastmarkets moves to annual methodology reviews across PRA divisions

Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year.

High demand supports pig iron export price growth in Brazil

High demand for pig iron, mainly in Asia, has supported further price growth in the export pig iron market in Brazil, sources told Fastmarkets during the week ended Friday January 17.

US PIG IRON: Market rises on higher offers, low availability

The pig iron import market in the United States has gone up because suppliers have increased their offers, citing low availability of material for February and March shipments, sources told Fastmarkets on Friday January 17.

Pig iron producer restart in north Brazil could have minor impact on market

Gusa Brasil, formerly knows as Sidepar, partly restarted operations in the state of Pará in northern Brazil in early January, with the first pig-iron sale made in the middle of the month, sources told Fastmarkets.

CIS PIG IRON: Market firm on low availability but no sales

The pig iron export market in the Commonwealth of Independent States (CIS) remained firm on low material availability during the week ended Thursday January 16, although no sales were reported, sources told Fastmarkets.

India’s JSPL targets further steel output rise after DRI plant restarts

Indian steel producer Jindal Steel and Power (JSPL) has reopened a major direct reduced iron (DRI) plant to boost its steel output by a further 1.5 million tonnes in the period from April 2020 to March 2021, the firm said on Tuesday January 14.