Steel billet import, cfr Manila, $/tonne

Fastmarkets has suspended its pricing for Iran steel billet and slab exports following the escalation of the conflict between the US, Israel and Iran and because relevant, relative pricing data is not immediately available.

Fastmarkets is inviting feedback from the industry on the pricing methodology for its steel reinforcing bar (rebar), domestic, delivered Saudi Arabia price, as part of its annual methodology review process.

Liontown Resources has revived its previously deferred expansion study at its Kathleen Valley mine and is weighing near-term orders for long-lead equipment, its chief executive officer said – the clearest signal yet that growth planning is returning to the agenda as lithium market conditions stabilize.