December 2018

Global pig iron market muted on holidays, stays pessimistic for early 2019

No activity was reported in the global pig iron market over the past week, because buyers in the United States and Europe – the key outlets – left the market for end-of-year holidays, as did exporters from Brazil; the holiday period for suppliers from the Commonwealth of independent States will start next week.

PRICING NOTICE: Amendment to US, Brazil pig iron price specifications

Fastmarkets has amended the specifications for its three pig-iron price assessments in the United States and Brazil to reflect the existing market conditions.

Steelmaking Raw Materials Trade Log, December 24, 2018

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

US PIG IRON: No activity in pessimistic market

The pig iron market in the United States was silent this week because buyers are expecting to see price reductions in early 2019.

STEEL WEEK IN BRIEF: Rising DR pellet demand, declining European HRC prices, delayed EU safeguarding decision…

Fastmarkets reviews the major stories that have affected the steel market during the week ended Friday December 21.

Brazilian pig iron market muted on zero demand

There was zero activity in Brazil's pig iron export market this week, with buyers declining to make any purchases ahead of the New Year.

MEIS 2018: Five things we learned

Fastmarkets MB hosted the 22nd Middle East Iron & Steel conference in Dubai last week. Here are five things we learned...

Pellet demand to rise on new Algeria DRI plant start-up

Global demand for direct-reduction (DR) grade iron-ore pellets is forecast to increase following the commissioning of Tosyali Algeria’s new direct reduced iron (DRI) plant.

CIS PIG IRON: Market frozen on buyers’ fear of 2019 price fall

The pig iron export market in the Commonwealth of Independent States (CIS) was unmoved this week because buyers were afraid of a price fall in early 2019 and, therefore, postponed restocking.

Tosyali Algeria commissions 2.5m tpy direct-reduced iron plant

Steelmaker Tosyali Algeria has announced the completion of a 'state-of-the-art' direct reduced iron-making (DRI) plant with a nameplate capacity of 2.5 million tonnes per year.