February 2021

Brazilian pig iron export prices rise on reports of new deals

Pig iron export prices from the south of Brazil increased again in the week to Friday February 26 on reports of new deals being done, with at least one shipment destined for the US.

Indian domestic billet prices up $12 per tonne on rising material costs

Indian secondary steel billet prices have risen by 900 rupees ($12) per tonne in the current week on higher costs for basic raw materials such as direct-reduced iron (DRI), coupled with increased buying of semi-finished steel by makers of long products.

US PIG IRON: Market up on further restocking, increased freight rates

The pig iron import market in the United States continued to strengthen during the week to Friday February 26 on further restocking and increased freight rates, market sources said.

CIS PIG IRON: Market up on new sales despite higher freight

The export market for pig iron from the Commonwealth of Independent States (CIS) increased again during the week to Thursday February 25 on new sales to traditional markets, even despite higher freight rates, sources said.

IN CASE YOU MISSED IT: 5 key stories from February 22

Here are five Fastmarkets stories you might have missed on Monday February 22 that are worth another look.

EU GREEN STEELMAKING: Liberty signs MoU to explore hydrogen-based operations in France

Liberty Steel, part of the GFG Alliance, has signed a memorandum of understanding (MoU) with plant builder Paul Wurth and holding company Stahl-Holding-Saar (SHS) to develop a hydrogen-based steelmaking plant at its site in Dunkirk, France, the company said on Monday February 22.

Export pig iron prices from south of Brazil up on full order books

Export pig iron prices from the south of Brazil went up during the week to Friday February 19 on bullish supplier sentiment after they reported full order books, sources said.

US PIG IRON: Market up on supplier bullishness

The pig iron import market in the United States improved during the week to Friday February 19 on a bullish attitude among suppliers.

CIS PIG IRON: Markets edge up on sales to Italy

The export market for pig iron from the Commonwealth of Independent States increased during the week to Thursday February 18 on sales to Italy.

India relaxes road, bridge steel specs, secondary market to benefit

India’s ministry of road transport & highways has made changes to its specifications for steel reinforcing bar to be used in road and bridge building, allowing participants in the secondary market to provide material, according to a recent government document.