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The Shanghai Futures Exchange copper price used in Fastmarkets’ base metals arbitrage calculation on Friday July 15 has been amended due to an unprecedented market change.
At this year’s Steel Success Strategies conference in Miami, the expert steel automotive panel delved into the risks and opportunities facing steel in automotive production
US steelmakers continue to fine tune or ramp up their raw materials strategies in a race to cover the prime scrap shortfall as the pendulum swings further away from blast furnaces toward electric arc furnace (EAF) production
The prospects for large volume trades in China’s import steel scrap market could hinge on whether a large United Kingdom-origin bulk cargo successfully passes Chinese customs checks later this year, sources told Fastmarkets
Fastmarkets advises that some monthly regional ferrous scrap markets have not settled for July. Fastmarkets typically settles these markets on or before the 10th of the month.
Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying price for ferrous scrap turnings in Detroit, effective the July 2022 monthly settlement.
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