Unlocking insights with Fastmarkets’ 67.5% Fe pellet feed indices

Major Asian steelmakers have been striving to develop decarbonization technologies for the current blast furnace-basic oxygen furnace (BF-BOF) steelmaking, given the global green steel production drive and large number of existing blast furnaces built in recent years.

The demand for high-grade iron ore in 2024 is expected to remain weak due to constrained steelmaking margins, oversupply, and high port inventories.

Fastmarkets’ iron ore DR-grade pellet premium indicator was published earlier than scheduled due to an error on Wednesday December 11.

Jinnan Iron & Steel Group is the latest company to join the push to expand China’s steelmaking footprint in the Middle East and is working with Brazil’s Vale to establish an iron ore concentration plant at the Sohar Port and Freezone in Oman, Fastmarkets understands.

Nickel pig iron (NPI) prices in China continued to climb in the week to Friday October 18, on an increase in tradbg amid positive sentiment, sources told Fastmarkets.

There are more signs emerging of the green steel evolution in Asia, even as steelmakers seek to differentiate themselves with green certifications to edge ahead of competitors, market sources have told Fastmarkets.