May 2020

New sales boost Brazil export pig iron prices

The market for pig iron exports from Brazil continued to rise in the week to Friday May 29 on new sales to China and the United States.

US PIG IRON: Prices rise; suppliers bullish on Chinese demand

The market for pig iron in the United States improved during the week ended Friday May 29, with suppliers bullish amid continued demand and higher prices in China.

CIS PIG IRON: Chinese demand supports market

The market for pig iron exports from the Commonwealth of Independent States (CIS) edged higher in the week to Thursday May 28, supported by continued demand from China while other traditional outlets remained quiet.

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

EU GREEN STEELMAKING: ArcelorMittal receives $82m EIB loan for two projects

Steelmaker ArcelorMittal is to receive a €75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.

South Brazil pig iron export prices rise again on new sales to China

The market for pig iron exports from southern Brazil went up again in the week to Friday May 22 amid new sales to China.

CIS PIG IRON: Exporters optimistic about further demand in China

The market for pig iron exports from the Commonwealth of Independent States (CIS) was firm in the week to Thursday May 21, with suppliers optimistic about new sales to China and continued demand in that country.

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

Trade unions call off strikes at ArcelorMittal Spain this week

Workers at ArcelorMittal Spain have called off the strikes that were scheduled to start on May 20 while they review a new offer concerning the implementation of a temporary layoff plan (known as ERTE), sources told Fastmarkets on Tuesday May 19.

US PIG IRON: Market stabilizes after active restocking

The market for pig iron in the United States stabilized during the week to Friday May 15 after active restocking earlier in May.