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Proposal to amend frequency of South Korea steel scrap import price assessments
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0879 steel scrap H2 Japan origin import, cfr South Korea and MB-STE-0880 steel scrap HMS 1&2 (80:20) deep-sea origin import, cfr South Korea to once a month from the current weekly basis.
March 8, 2024
·
By pricing@fastmarkets.com
Insights
US Department of Commerce’s preliminary finding bullish for US billet premium
In a move set to reshape the aluminium market, the US Department of Commerce's preliminary findings reveal unfair subsidies by China, Indonesia, Mexico, and Turkey, sparking predictions of tightened supply and rising premiums
March 8, 2024
·
By Yasemin Esmen
Insights
LME states position on low-carbon nickel premiums as calls grow for new pricing mechanisms
The London Metal Exchange has reaffirmed its position on low-carbon nickel pricing, highlighting challenges concerning market scale and definitions, it said in a notice issued to its members on Tuesday March 5
March 6, 2024
·
By Callum Perry
Insights
China’s 5% growth target for 2024 fails to satisfy ferrous market expectation
The Chinese government has set a 5% target for growth of the country’s gross domestic product (GDP) in 2024, compared with the increase of 5.2% in 2023, according to a Government Work Report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing
March 6, 2024
·
By the Fastmarkets team
Insights
Four key takeaways from Fastmarkets’ Asian Ferro-alloys Conference 2024
Fastmarkets Asian Ferro-alloys Conference 2024 (AFA) took place in Hong Kong, China, on February 26-28, with discussions on the latest developments and the potential for the global market. Here we outline our four key takeaways from the event
March 6, 2024
·
By the Fastmarkets team, Jessica Long, Tina Tong
Insights
Proposal to adjust Fastmarkets’ foundry pig iron assessment
Fastmarkets is proposing to adjust its price assessment for MB-FEN-0004 Pig iron foundry grade, Brazil, fob New Orleans, $/tonne
March 5, 2024
·
By Amy Hinton
Insights
Proposal to launch US Galvalume import prices
Fastmarkets proposes to launch two assessments, steel coil Galvalume import South Korean-made, ddp Gulf Ports, $/cwt and steel coil Galvalume import non-South Korean-made, ddp Gulf Ports, $/cwt.
March 5, 2024
·
By Rijuta Dey
Insights
US copper scrap exports fall in 2023 but expectations for long-term demand increases remain
Static discounts for copper scrap remained prevalent in the US for most of 2023, while expectations of growth in the long term held
March 5, 2024
·
By Kirstyn Petras
Insights
Brazilian DR iron ore pellet premiums expected to slip in Q2, in line with softer buying interest
Premiums for direct-reduced (DR) iron ore pellet from Brazil are expected to move lower in the second quarter of the year in response to weaker demand from major importers amid increasing inventory, sources told Fastmarkets
March 5, 2024
·
By Marina Shulga, Norman Fong
Insights
Launch of two Brazilian aluminium delivered premiums
Fastmarkets will launch two new Brazilian premium spot assessments for aluminium P1020A, delivered Sao Paulo region on Tuesday March 5 to better reflect the two-tier market created by the different state value-added tax (VAT) rates, known as the ICMS tax.
March 4, 2024
·
By Leticia Simionato
Insights
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