Fastmarkets has updated its consumer buying price for steel scrap No1 heavy melt and cut structural/plate, 5’ max, delivered mill Cleveland, following the arrival of late information for the domestic ferrous scrap monthly trade in September.

According to government data, Russian farmers have already harvested an area of 25.1 million hectares, which accounts for 85% of the planted area

Fastmarkets has added a section to its cobalt methodology clarifying how the cobalt metal monthly averages on Fastmarkets’ platform are calculated, following market demand for further clarification

According to the EU's crop monitoring service, Ukrainian planted area and production expectations are reduced following the Russian invasion and dry weather conditions

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying price for turnings in Houston, effective from the September 2022 monthly settlement.

Fastmarkets has corrected its consumer buying price for steel scrap No2 bundles, delivered mill Philadelphia, following an input error during the monthly domestic ferrous scrap trade in September.

Fastmarkets advises that some monthly regional ferrous scrap markets have not settled for September. Fastmarkets typically settles these markets on or before the 10th of the month.

Following a consultation period and market feedback, Fastmarkets is realigning its dealer selling price for ferrous scrap machine shop turnings in St Louis, effective from the September 2022 monthly settlement.

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying prices for No1 bundles and No1 busheling scrap in Alabama, effective from the September 2022 monthly settlement.

Aluminium smelters in southwestern China's Yunnan province have been ordered by the local government to cut production by 10% to lower their power usage, with effect from Friday September 9, sources with knowledge confirmed to Fastmarkets