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Correction to alumina index inferred, fob Indonesia

Fastmarkets has corrected its MB-ALU-0019 alumina index inferred, fob Indonesia, $/tonne, which was published incorrectly on Wednesday June 4.

June 5, 2025
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By James McKeigue

Insights
Steel traders grapple with ‘nightmare’ tariff doubling

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.

June 5, 2025
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By Dan Hilliard, Alesha Alkaff

Insights
Amendment to Italy import steel slab price assessment: pricing notice

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 […]

June 5, 2025
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By Holly Chant

Insights
Amendment to European steel plate price assessments: pricing notice

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 […]

June 5, 2025
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By Holly Chant

Insights
Verra delays crucial VM0048 baselines and tight liquidity provides further support to Katingan prices

Carbon registry Verra announced on Friday May 23 a delay in the release of the final deforestation risk maps required under the Reducing Emissions from Deforestation and Forest Degradation (REDD+) methodology VM0048. The registry said that the delay is intended to ensure the data meets Verra’s standards for high quality and to enhance transparency throughout the data development process.

June 5, 2025
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By Kanchan Yadav

Insights
US scrap trends outlook: June 2025

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

June 4, 2025
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By the Fastmarkets team

Insights
Correction to alumina index, fob Australia, plus derived prices, on June 2/3: pricing notice

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 […]

June 4, 2025
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By James McKeigue

Insights
South Africa’s new critical minerals policy draw critical eye of buyers, miners

South Africa’s newly approved Critical Minerals and Metals Strategy and the draft of the 2025 Mineral Resources Development Bill (MRDB) have drawn significant attention from global market participants, particularly manganese and chrome buyers in China.

June 4, 2025
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By Tina Tong, Holly Chant, Jessica Long, the Fastmarkets team

Insights
UPM scraps plans to develop second biofuels refinery in Rotterdam

The announcement comes amid wider reports of general market uncertainty in the European biodiesel space, as producers struggle to operate profitably against a backdrop of consistently high feedstock prices. “The complexity of a multi-feedstock greenfield investment leading to comparatively high capital (CAPEX) and operating (OPEX) costs, combined with a market that demands competitive production economics, […]

June 4, 2025
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By Alexandra Chapman

Insights
Packaging GCC index for testliner slightly up in May

Get insights on RCCM market trends in the GCC for May. Prices remain stable, with some signs of increased demand noted.

June 4, 2025
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By Mariam Icar

Insights

Top stories across markets

Fastmarkets expands heavy rare earth price suite in Europe to support established and emerging markets

Fastmarkets, a leading global provider of commodity pricing, news and market intelligence, has launched three additional weekly heavy rare earth product prices in Europe, building on the success of the first Gadolinium Oxide 99.99%-99.999% ex-warehouse Rotterdam price introduced in May. The new additions include: Ramón Barúa Costa, CEO of Aclara Resources, emphasized the significance of […]

August 7, 2025

By: Yolande Peters

Shipping boxes, secondary packaging for shipping, containerboard for parcels transportation

PIX Packaging GCC indices for testliner, fluting slightly up in July

Find out how the GCC region’s recycled containerboard prices have trended in July, reflecting steady market conditions.

August 6, 2025

By: Mariam Icar

First US nickel refinery Westwin Elements enters $1.4 billion offtake agreements with Traxys

Westwin Elements, America’s first nickel refinery, has secured $1.4 billion in long-term deals with Traxys, boosting the domestic critical minerals supply chain and reducing import reliance.

August 5, 2025

By: David Bartle

steel scrap prices - Crane loading steel scrap at steel scrap yard

US scrap trends outlook: August 2025

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

August 5, 2025

By: the Fastmarkets team

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