Fastmarkets reviews the major stories that have affected the steel market during the week ended Friday November 23.
Raw materialsThe price of pig iron exports from the Commonwealth of Independent States has fallen over the past seven days due to weak prices both for raw materials and for finished steel products.High-grade iron ore producer Carpentaria Resources sees a strong need for a high-grade iron ore derivative product, and expects such a financial tool to bring efficiencies in pricing to the high-grade sector.Australia's Roy Hill is looking to increase its iron ore capacity by another 5 million tonnes per year, which would allow it to produce the...