The European Commission reacts to allegations of possible fraud cases related to biofuel imports from China

Fastmarkets will discontinue its consumer buying assessment for steel scrap rail crops 2ft max, delivered mill Chicago, effective July 1 amid a sustained lack of liquidity for that grade in that market.

Fastmarkets has, in line with our annual methodology review process, concluded a consultation that opened on May 4, 2023, inviting feedback on our methodology for our US Midwest ferrous scrap indices.

Fastmarkets is proposing to reinstate one quarterly US titanium price based on market feedback and is reopening a consultation for four other US titanium prices that were discontinued.

Fastmarkets invited feedback from the industry on the pricing methodology for its index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey (MB-STE-0416), and its index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey (MB-STE-0417), via an open consultation process between May 4 and June 5, 2023.

In contrast to the apparent widespread belief that war would lead to a surge in scrap collections in Ukraine, volumes actually fell in 2022 and are likely to fall again in 2023, according to the head of Ukranian commodities think-tank, GMK Center

East Asian battery-grade lithium carbonate prices surged on Tuesday June 6, spurred on by the ongoing rally in the Chinese domestic market and catching up with battery grade lithium hydroxide prices

Fastmarkets will launches its price assessment for ferro-chrome low carbon, 0.10% C, basis 60-64.9% Cr, CIF Europe, on Tuesday June 6.

The markets for large flake and flake fines graphite products, on an FOB China basis, all dropped amid slow demand and a depreciation in the Chinese yuan in the week to Thursday June 1, although there were indications of a possible recovery in the CIF Europe market

Mitsui and Kobe Steel are seeking to reinforce their position in direct-reduced iron (DRI) production in the Middle East with the construction of a low-CO2 iron metallics production plant within the Special Economic Zone at Duqm, in the Sultanate of Oman