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Demand for Fortescue’s products has remained strong all year. This is the result of steel mill profitability as well as the consistent quality of delivered product and the low variability of Fortescue ores.

Notably, sources estimated that by 2030, 30% of the European steel market will be green (zero or close to zero emissions).

The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “l(fā)ow carbon” is deciding exactly what “l(fā)ow carbon” means.

Iron-ore junior Magnum Mining & Exploration will evaluate stockpiles at its Buena Vista project, in Nevada, as potential mill feed.

Spot activity for hot-rolled coil remains muted, limiting upside for primes and shred despite weak flows. Overall trend consensus remains little changed, up to 63% in August from 60% in July.

This year-to-date rise in scrap exports comes despite rumors of market resistance in Japan to the practice of exporting higher grades of material.

This year-to-date rise in scrap exports comes despite rumors of market resistance in Japan to the practice of exporting higher grades of material.

“The demand for that type of steel is going to far outpace the supply of that material,” he added.