American Metal Market is part of Fastmarkets

Why vacillating tariff decisions will lead to price surges, but the fundamentals will prevail in the US steel market

Fastmarkets has corrected its MB-IRO-0188 – Iron ore 67.5% Fe pellet feed cfr Qingdao and MB-IRO-0013 – Iron ore 65% Fe concentrate cfr Qingdao indices, which were published incorrectly on Wednesday March 19 due to a technical calculation error.

The adjustment, which follows a consultation which ended on Tuesday March 18, will enable Fastmarkets to track a broader range of data by incorporating major ports, including Hay Point Coal Terminal, Abbot Point Coal Terminal, Gladstone Port and Port Kembla, alongside the current Dalrymple Bay Coal Terminal. To ensure consistency of the assessments, normalization of ports […]

French shipping giant CMA CGM Group’s plan to invest $20 billion in maritime transportation, logistics and supply chains in the US over the next four years signals the start of a turnaround for US shipbuilding and will increase demand for steel plate by as much as an estimated $2 billion over the term of the investment, according to market participants.

Market participants are reporting significant disruption in shipping containers of metal scrap

This is a follow-up pricing notice to yesterday’s notice about the delay. The following prices were affected by this:MB-AL-0256 Aluminium fixing price for LME trade, rand/tonne MB-CU-0338 Copper fixing price for LME trade, rand/tonne MB-PB-0064 Lead fixing price for LME trade, rand/tonne MB-NI-0093 Nickel fixing price for LME trade, rand/tonne MB-SN-0005 Tin rand fixing price for LME trade, rand/tonne MB-ZN-0072 Zinc rand […]