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Pakistan’s government has said that Fastmarkets’ import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.
China’s nickel sulfate price continued rise in the week to Friday February 26 to reach a new record high, mainly driven by the volatile nickel price at the London Metal Exchange and limited supplies, sources told Fastmarkets.
Prices for cold-rolled coil and galvanized steel sheet in the United States have again jumped to all-time highs after producers told customers that they may not be able to sell any spot tons in the first half of the year.
Indian secondary steel billet prices have risen by 900 rupees ($12) per tonne in the current week on higher costs for basic raw materials such as direct-reduced iron (DRI), coupled with increased buying of semi-finished steel by makers of long products.
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