American Metal Market is part of Fastmarkets

The US Midwest ferrous scrap market extended its upward momentum, rising in February for the first time since 2010 on strong export, good order books and low scrap inventories

Fastmarkets has corrected its price assessment for steel hot-rolled coil (commodity) export, fob main port India, which was published incorrectly on February 10 due to an error.

Fastmarkets is proposing to amend its iron ore indices methodology by exempting the calculation of the iron ore premium indices from the automatic 4% outlier filter, to provide a more accurate representation of market dynamics and a more comprehensive calculation of the premium indices.

Nickel market participants around the world reacted with alarm to the allegations of “systematic fraud” raised by global commodity trading house Trafigura that could result in losses of up to $577 million

India has tough targets when it comes to increasing the volume of steel scrap being consumed by the country’s steel sector, but to reach its targets it will have to consider the supplies of such material that are available to Indian mills, an industry conference has heard

Hot-rolled coil prices in the US South brushed against $40 per hundredweight on higher mill offers, but continued to trail their Midwest counterparts due to skeptical buyers with sufficient inventories to wait out what they said was likely a short-term surge