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.

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 […]

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

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 […]

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.

The rationale for AG-PLM-0017 crude palm oil, Indonesia PTPN tender had erroneously stated 1,000 tonnes traded, 5,000 tonnes offered. This has been been corrected to 1,500 tonnes traded, 5,000 tonnes offered. The published price is unaffected by this change. These prices are part of the Fastmarkets Ags Oils, Fats and Biofuels package. For more information or to provide […]

Mexico’s strategic role in automotive nearshoring is fueling demand for recycled aluminium, with investment in scrap-intensive sectors boosting its non-ferrous secondary markets. Despite tariff uncertainties, USMCA compliance and EV production growth continue to attract global manufacturers.

Goldcorp founder Rob McEwen is back in the spotlight with a bold bet on copper in Argentina. The $2.5 billion Los Azules project, set to become Argentina’s first major copper mine in over 30 years, is reshaping the country’s mining industry while raising sustainability standards. Positioned as a key player in addressing a global copper shortage, the project highlights innovation, persistence and a commitment to meeting the growing demand from global electrification.

The data for May 30 was published on Fastmarkets’ dashboard on June 2 as a result. For more information, or to provide feedback on the delayed publication of this assessment, or if you would like to provide information by becoming a data submitter to the Shanghai bonded aluminium stocks database, please contact Zachary Tia by […]

Fastmarkets, a leading price-reporting agency (PRA) and trusted source of cross-commodity market analysis, is proud to announce a collaboration with Intercontinental Exchange (ICE), a leading commodity exchange, to launch a new suite of futures contracts specifically focused on battery raw materials (BRM). The new contracts will address the rapidly growing demand for transparent and efficient […]