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China’s new rebar standards may deal another blow to domestic steelmakers
China’s revision of its national rebar standards, which is set to go into effect from September 2024, is expected to increase demand for vanadium nitrogen and silico-manganese amid a push for developing high-quality steel
July 30, 2024
·
By Jessica Zong, Tina Tong, Jessica Long
Insights
China’s nickel sulfate price edges down on slow demand
China’s nickel sulfate prices dipped for a second consecutive week on Friday July 26 amid slow buying, while the global nickel sulfate price posted a third weekly decline on the falling London Metal Exchange nickel cash price
July 29, 2024
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By Sybil Pan
Insights
Correction to shredded auto scrap weekly composite
Fastmarkets has corrected its MB-STE-0523 Steel scrap shredded auto scrap, consumer buying price, delivered mill, $/gross ton, weekly composite, which was published incorrectly since June 14.
July 26, 2024
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By Fastmarkets Staff
Insights
Global spot copper markets mixed; China ticks up, US tight, Europe quiet
Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays
July 25, 2024
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By Albert MacKenzie, Sally Zhang, Rae Boyadjis
Insights
Proposal to amend frequency of China steel scrap import price indices
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
July 25, 2024
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By Tianran Zhao
Insights
Steel industry will be main consumer of imported hydrogen, Germany’s strategy says
Germany’s steel industry will be one of the country’s main consumers of imported hydrogen in the next two decades, according to the hydrogen import strategy approved by the country’s Federal Cabinet on Wednesday July 24
July 25, 2024
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By Julia Bolotova, Darina Kahramanova
Insights
Decision to launch US black mass payable indicators, amendment to specifications
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
July 24, 2024
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By Kirstyn Petras
Insights
Demand for aluminium in green transition supporting otherwise challenging downstream markets: Norsk Hydro CEO
Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23
July 24, 2024
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By Imogen Dudman
Insights
ACG’s Gediktepe deal first step in creating mid-tier copper producer | Hotter Commodities
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
July 24, 2024
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By Andrea Hotter
Insights
Speculative interests in copper driving base metals narratives, says Sucden Financial
Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.
July 23, 2024
·
By Natasha Porter
Insights
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