Fastmarkets proposes to launch a monthly price assessment for steel sections (light and medium), S235-SS400, import, cfr Jebel Ali, UAE, $/tonne.

Fastmarkets is proposing a comprehensive overhaul of its suite of North American non-ferrous scrap dealer buying prices to improve the accuracy of its price assessments amid low levels of liquidity in select markets.

Fastmarkets proposes to amend its MB-NI-0256 nickel low-carbon briquette premium, cif global to include all shapes of Class 1 nickel metal.

Chinese cobalt metal prices plummeted on Friday July 26 to the lowest level since July 2016, which market participants attributed to a surge in production and weak downstream demand

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

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

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.

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

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.

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