June 2020

US PIG IRON: Widening gap between buyers, suppliers stifles trading

Activity in the pig iron market in the United States remained muted in the week to Friday June 26, because of wide gap between the “workable” levels of buyers and suppliers.

Chinese pig iron import price likely peaked, global price growth paused

The import price for pig iron in China was likely to have reached its peak during the week ended Friday June 26, causing a pause in price growth in the global market, Fastmarkets has heard.

Brazilian pig iron export market stable on no new sales

Pig iron export prices from Brazil were stable during the week to Friday June 26 with trading activity slowing down and no new deals reported.

CIS PIG IRON: Market mood positive on low material availability

The mood in the export pig iron market from the Commonwealth of Independent States (CIS) remained positive during the week ended Thursday June 25, with low availability of material for August shipments, although no fresh deals have been made.

IN CASE YOU MISSED IT: 5 key stories from June 25

Here are five Fastmarkets stories you might have missed on Thursday June 25 that are worth another look.

EU GREEN STEELMAKING: Salzgitter plans low-CO2 DRI plant

German steelmaker Salzgitter has taken a “concrete” step toward its low-carbon production goal by agreeing to a feasibility study with its industrial partners, the company announced on Wednesday June 24.

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

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

Germany's crude steel production tumbles by 27% in May, WV Stahl says

Crude steel production in Germany fell by 27% year-on-year in May 2020, following a 24% drop in April due to output adjustments made by mills to address the Covid-19-driven deterioration in steel demand, German steel federation WV Stahl said on Wednesday June 24.

IN CASE YOU MISSED IT: 5 key stories from June 19

Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.

Pig iron demand in China continues to support global prices

Demand for pig iron in China continued during the week to Friday June 19, with new purchases of Commonwealth of Independent States- and Brazil-origin material further supporting global prices.