American Metal Market is part of Fastmarkets

Growing uncertainty about end-user demand and input costs through 2022 has driven a change in consumer habits in Europe’s aluminium and steel markets, with traders foreseeing a continuation of hand-to-mouth buying going into 2023

Volatility was one of the main themes for cobalt prices in 2022 and market participants will take a wait-and-see approach toward long-term supply contracts in the coming year

The outlook for the steel plate industry in the United States is cloudy for 2023 due to three conflicting factors: more incoming supply, expectations for stronger demand and the decoupling of the plate market from hot-rolled coil prices

China has decided to remove its import tariff on cobalt metal (Harmonized System code 81052020), a move which is not expected to largely impact the domestic market due to weak demand for the metal, sources told Fastmarkets

A potential lifting of China’s sanctions on the import of Australian metallurgical coal and China’s post-Covid-19 recovery will be key factors to watch in 2023, market sources told Fastmarkets on Wednesday January 4

Following a consultation period and market feedback, Fastmarkets has implemented a comprehensive update of its stainless steel scrap prices to bring them in line with its global price reporting agency standards.