American Metal Market is part of Fastmarkets

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our September survey.

This proposal follows the transition of the settlement of the Chicago Mercantile Exchange No1 busheling contract to Fastmarkets’ assessment of the Chicago No1 busheling price on December 16, 2024.The index has remained active in the interim to support existing contracts that are settled against that calculated number.The specifications for the affected index are as follows:MB-STE-0422 […]

Fastmarkets proposes to amend the specifications of its iron ore 62% Fe fines, fot Qingdao indices to align with the specifications for mid-grade sinter fines in China’s portside market.

Aluminium producers in other countries are increasingly viewing Brazil as an alternative market because of the growing difficulties in accessing the markets in the US because of that country’s import tariffs, market participants said in the week to Thursday August 28.

Critical minerals investment company TechMet Ltd is setting up a new trading arm, TechMet SCM, backed by additional investment from Mercuria Energy Trading.

ArcelorMittal Long Products Canada filed a $2.77 million claim in federal court in Peoria, Illinois against Liberty Steel & Wire Monday August 25 for unpaid purchases of billet shipped to Liberty’s Georgetown, South Carolina facility from September 2023 to the plant’s closing in April 2024.