American Metal Market is part of Fastmarkets

China’s lithium carbonate prices fell in the week to Thursday August 29, amid volatility in futures prices. Hydroxide prices also softened on the back of muted spot demand.

As the country moves to make the quota tariff against steel imports work, concerns are growing within the Brazilian steel industry over a potential surge in imports of finished steel products, particularly fastening materials such as screws, nails, bolts and wires, which could impact the entire supply chain, sources have told Fastmarkets.

Nippon Steel doubled down on its promised billion-dollar-plus capex investment promise to US Steel on Wednesday August 28, drawing the ire of the United Steel Workers (USW) labor union..

Fastmarkets will initiate the planned update of its suite of North American non-ferrous scrap dealer buying prices on Tuesday September 2, following a 30-day consultation period.

Fastmarkets amended the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China on Wednesday August 28.

Fastmarkets will adjust the normalization calculation of its manganese ore high grade indices while keeping the same chemistry specifications and methodology.