The merchant pig iron market continued its lull in the past weeks, with the exception of a couple of Brazilian deals in the western hemisphere. The CIS merchant pig iron export market was quiet, with no negotiations due to diverging price expectations in the unclear environment.

In the US, buyers …

Skyrocketing energy costs are becoming one of the main issues affecting steelmakers globally. In Europe, the issue has been at the centre of most pricing discussions during the last two months, but now the German steelmakers federation WV Stahl also noted that this issue can hamper significantly the prospects for …

Iron ore prices are expected to remain under pressure in 2022 after their rally ended and values collapsed to levels below previous forecasts, says Fitch Solutions. The research firm is consequently revising down its iron ore price forecast for 2022 to $90/tonne from $130/t.

Chinese demand for iron ore stemming …

Strong steel prices helped ArcelorMittal post in the third quarter its highest net income and lowest net debt since 2008. Prices have since come off record highs but remain elevated, which will be reflected in 2022 annual contracts, the firm observes.

The steelmaker maintains its 12-13% on-year growth forecast for …