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Using low-carbon steel demand to push steel mills’ decarbonization moves: IIO 2024
A low-carbon world will still need steel that can satisfy the diverse demands of a variety of downstream sectors, Frederik Leus, of ArcelorMittal’s Xcarb Business Development section, said in an address to Fastmarkets’ International Iron Ore and Green Steel Summit, being held in Vienna, Austria, on June 25
June 26, 2024
·
By Alice Li
Insights
Rare earth prices stabilize as sellers resist further decreases
China’s magnet rare earth prices were flat in the week to Thursday June 20, with sellers resisting a further price decline amid persisting weak demand, Fastmarkets heard
June 26, 2024
·
By the Fastmarkets team, Solomon Cefai
Insights
New ARZYZ FRP project opportunity for Mexico to depend less on imports
Mexican secondary aluminium alloy smelter and distributor of primary metals ARZYZ Metals expects that the company’s new project to produce domestic flat-rolled products (FRP) will reduce Mexico's dependence on imports, a press officer told Fastmarkets on Monday June 24
June 26, 2024
·
By Leticia Simionato
Insights
BMW opens first US press shop at South Carolina plant where it will manufacture EVs
The German auto-manufacturer BMW opened its first press shop in North America at its plant in Spartanburg, South Carolina, where it will produce the exterior for its X3 model, the company announced on Friday June 21
June 25, 2024
·
By Yasemin Esmen
Insights
China’s refined copper exports surge to 8-year peak and high exports continue
China’s exports of refined copper rose to an eight-year high in May, with exports expected to stay elevated through June, sources told Fastmarkets in the week to Friday June 21
June 25, 2024
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By Sally Zhang
Insights
Drop in Jan-May crude steel output in China drags down ferro-alloys markets
The decline in crude steel output in the first five months of 2024 dragged down Chinese ferro-alloys markets, including ferro-silicon and silico-manganese, sources told Fastmarkets on June 21
June 24, 2024
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By Tina Tong, Jessica Long
Insights
How Saudi Arabia’s plans to increase base metals production, consumption will affect markets
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets
June 21, 2024
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By Albert MacKenzie, Imogen Dudman, James McKeigue, Natasha Porter, Laura Roberts
Insights
Indonesia vows to invest more in aluminium supply chain in strategy for critical metals
Indonesia is preparing to invest more in its aluminium supply chain as part of its wider critical metals strategy, Fastmarkets understands
June 20, 2024
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By Laura Roberts
Insights
Correction to UK domestic 316 stainless steel scrap assessment on June 14
Fastmarkets has corrected its MB-STS-0259 stainless steel scrap 316 solids domestic, delivered merchants UK, £/tonne price assessment, which was published incorrectly on Friday June 14.
June 20, 2024
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By Ross Yeo
Insights
Investigation into automotive model certification expected to dampen aluminium demand in Japan
Market sentiment remain mixed on whether the investigation will impact aluminium prices and production
June 20, 2024
·
By Chay Chye Leng
Insights
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