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These changes are driven by the need to adapt to an uncertain market environment and a sluggish economy, especially with pessimistic steel demand from China’s real estate sector
China’s State Council has set a two-year action plan for cleaner air, and the comprehensive strategy to improve air quality will affect all key economic sectors, market sources told Fastmarkets
Price differentials between Brazilian direct-reduced (DR) iron ore pellets and blast furnace (BF) pellets for the first quarter of 2024 are showing signs of widening amid weaker demand for BF pellets in Europe, sources told Fastmarkets Thursday November 30
Pig iron basic grade, Brazil, fob New Orleans, $/tonne
Pig iron basic grade, Ukraine/Russia, fob New Orleans, $/tonne
Iron ore DR-grade pellet premium, quarterly contract, $/tonne
Iron ore 62% Fe fines, 0.01% P VIU, cfr Qingdao, $/tonne
Direct reduced iron domestic, exw India, rupees/tonne
Pig iron import, cfr Italy, $/tonne
Iron ore 65% Fe fines, % Fe VIU, cfr Qingdao $/tonne
Iron ore 62% Fe fines, % Al2O3 VIU, cfr Qingdao, $/tonne
Pig iron import, cfr Gulf of Mexico, US, $/tonne
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