The European sawn timber market entered Q2 with modest price gains, driven by external cost pressures rather than strong demand. Sluggish construction continues, but seasonal factors and a spruce/pine imbalance are shaping market dynamics.

The Strait of Hormuz, through which roughly 20% of global oil and liquefied natural gas (LNG) flows, has been closed for three months since US-Israeli strikes on Iran began on February 28, driving up energy costs and putting Europe's aluminium sector under pressure.

USMCA-driven localization is strengthening automotive supply chains, improving resilience and reducing certain cost risks. But as production spans multiple stages across the US–Mexico corridor, OEMs need clearer visibility into how costs build across regions to maintain margin control.

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

There was a 7.6% year-on-year increase in raw materials availability in 2025, to 18.3 million tonnes, from 17 million tonnes processed in 2024, Dirk Dobbelaere, the secretary general of the European Fat Processors and Renderers Association (EFPRA), said in a market overview presentation during the association’s annual congress in Tenerife.

Under the change, Fastmarkets will update the normalization coefficient for its Iron ore 61% Fe fines, cfr Qingdao and Iron ore 62% Fe fines, cfr Qingdao indices on a daily basis, from Tuesday. This allows the coefficient to better reflect daily price movements. The normalization coefficient was previously updated on a monthly basis. The decision […]

The assessment, which currently follows the UK holiday calendar, will follow the Singapore holiday calendar after the proposed change. There will be no change to the publication timing, and the assessment will continue to be published weekly on Wednesdays, at 7pm Singapore time. The purpose of the adjustment is to align the timing to the […]

US animal fats and oils markets remained quiet midweek on Wednesday May 27, with participants describing a slow start and limited immediate pricing activity.

US wheat futures and Euronext contracts closed lower on Friday May 29, pressured by technical selling and weakness in crude oil markets. In global cash markets, activity was subdued heading into the weekend, with limited fresh business reported and most prices remaining unchanged.

JX Advanced Metals, Mitsui Kinzoku, Marubeni and Mitsubishi Materials(MMC) inked a deal to integrate MMC's copper concentrate procurement and related products sales business into Pan Pacific Copper (PPC), marking a significant consolidation of Japan's copper concentrate purchasing sector amid persistent pressure from weak treatment and refining charges (TC/RCs).