Fastmarkets has launched two price assessments for aluminium extrusion scrap for the European domestic market.

The new specifications proposed in the consultation are listed below, with the amendment to the price frequency shown in italics: MB-AL-0052 aluminum 6063 extrusion billet premium, delivered Midwest US, US cents per lbQuality: Extrusion billet AA6063. Billet with diameter of 6in, 7in and 8in.Quantity: Min 100 tonnesLocation: Delivered into US Midwest region, duty-unpaid premium on top of the P1020A ingot Midwest […]

Fastmarkets has corrected its assessment of the MB-AL-0002 aluminium 6063 extrusion billet premium, in-warehouse dp Rotterdam, which was published incorrectly on Friday October 11.

Scrap processor TSR will supply aluminium flat-roller Novelis with high-grade European aluminium scrap that can serve as a “sustainable P1020 substitute,” a TSR executive told Fastmarkets on Thursday October 10.

The Western world’s industrial strength is beginning to drop, but Jakob Stausholm, chief executive officer of Rio Tinto, said at a London Metal Exchange seminar that there was “plenty of demand to be unlocked from reindustrialization.”

Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.

The publication of Fastmarkets’ price assessments of calcined alumina on Thursday October 3 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.

The publication of Fastmarkets’ India import aluminium scrap price assessments for Wednesday October 2 were delayed because of the Gandhi Jayanti public holiday in India. Fastmarkets’ pricing database has been updated.

UK export volumes of steel scrap to India have fallen in the current quarter, although sources in the British scrap industry said that other destinations should be able to take up the excess, Fastmarkets heard on Wednesday September 25.

Read the full transcript from episode 6 of Fast Forward podcast on trading power and the role of the London Metal Exchange (LME) in the energy transition with CEO Matthew Chamberlain.