May 2021

IN CASE YOU MISSED IT: 5 key stories from May 28

Here are five Fastmarkets stories you might have missed on Friday May 28 that are worth another look.

US PIG IRON: Market strong on new bookings

The pig iron import market in the United States was strong during the week to Friday May 28 due to new deals.

Brazil pig iron export market remains strong on long lead times

Export pig iron prices from Brazil bucked an increasingly pessimistic trend in the global market and remained strong during the week to Friday May 28, mainly due to long lead times.

Indian domestic secondary billet prices up slightly on reduced availability

Indian domestic secondary billet prices edged up in the week to Friday May 28, even as finished steel prices began to fall.

CIS PIG IRON: Market mood sours on threat of softening steel prices

Sentiment in the market for pig iron from the Commonwealth of Independent States soured during the week to Thursday May 27 due to the threat of weaker steel prices.

EU GREEN STEELMAKING: Italy’s Marcegaglia invests in H2 Green Steel plant in Sweden

Italian flat steel re-roller Marcegaglia is among a group of companies investing in a hydrogen-powered “green” flat steel plant in Boden, Sweden, to be by built by H2 Green Steel (H2GS), it was announced on Tuesday May 25.

US PIG IRON: Market up on higher workable level for buyers

The United States' pig iron import market increased again during the week to Friday May 21 on improved workable price level for buyers, but high offers from suppliers in the Commonwealth of Independent States have not yet been accepted.

South Brazil pig iron export price rises again on firm demand, long lead times

The export price for pig iron from the south of Brazil increased again in the week to Friday May 21, on continuing strong demand and long lead times, with suppliers said to be sold out until late August.

CIS PIG IRON: Bullish suppliers maintain high offers amid new sales

The export market for pig iron from the Commonwealth of Independent States rose further in the week to Thursday May 20 on new sales and bullish offers from suppliers despite an absence of large sales and even while additional volumes appeared in the market.

EU GREEN STEELMAKING: Salzgitter begins work on gas and hydrogen DRI plant

German steelmaker Salzgitter has started construction on a demonstration plant for the production of direct reduced iron (DRI) as part of its Salzgitter Low-CO2Steelmaking project, known as Salcos, the company said on Monday May 17.