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Due to the Eid -Al-Adha public holiday, which began on Thursday June 5 and will run through to Monday June 9 inclusive, these prices will be published instead on Tuesday June 10, in accordance with Fastmarkets’ policy. These prices are usually published weekly on Mondays. This change was not initially noted on Fastmarkets’ 2025 pricing […]

Fastmarkets published its assessment of the MB-STE-0232 steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Thursday June 5, 2025.

The Chinese steel market is expected to remain reliant on export-led growth for the rest of 2025, amid poor domestic consumption and a lack of investor confidence in the property sector, delegates were told at the Singapore International Iron Ore Forum on Wednesday May 28.

The following prices were published at 4:24pm London time, instead of by the scheduled time of 4pm London time: MB-IRO-0002 Pig iron export, fob main port Black Sea, CIS, $/tonneMB-IRO-0014 Pig iron import, cfr Italy, $/tonneMB-FE-0004 Hot-briquetted iron, cfr Italian ports, $/tonne These prices are a part of the Fastmarkets Steel Raw Materials Physical Prices package. For more […]

Seaborne iron ore prices are on the rise due to increased trading activity and stable market fundamentals, highlighting steady demand and opportunities for growth while emphasizing the importance of monitoring market trends to manage risks effectively.

The recent doubling of Section 232 tariffs to 50%, announced by President Trump, has introduced significant uncertainty to the US steel market, with traders reporting disruptions to imports, paused domestic mill quotes and concerns over potential price increases amid modest demand. Industry participants are now assessing how the additional costs will be absorbed across the supply chain.

After a month-long consultation, Fastmarkets has amended the specification of its weekly steel slab, import, cif Italy, price assessment. To better reflect the material traded in the market, Fastmarkets has reduced the range of specified widths to 1,500-2,500 mm from 1,000-2,500 mm. The publication day of the assessment has also been changed from Friday to […]

After a month-long consultation period, Fastmarkets has amended the publication day of its weekly European steel domestic plate and import plate assessments from Wednesday to Thursday, to better align with related markets. The amended specifications are listed below (changes in italics): MB-STE-0034 Steel domestic plate 8-40mm, exw Northern Europe, €/tonneQuality: S235JR, width 2,500mm, length 12,000mm, thickness 8-40mm […]

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our May survey.

Fastmarkets has corrected its fob Australia alumina index, which was published incorrectly on Monday June 2 and Tuesday June 3 due to a back-end calculation error. Fastmarkets has also corrected all the related inferred indices. On June 2 the following prices were published incorrectly: Fastmarkets’ MB-ALU-0002 Alumina index, fob Australia, was published in error as $375.59 per […]