Fastmarkets has, in line with our annual methodology review process, concluded a consultation that opened on May 4, 2023, inviting feedback on our methodology for our US Midwest ferrous scrap indices.

Fastmarkets is proposing to reinstate one quarterly US titanium price based on market feedback and is reopening a consultation for four other US titanium prices that were discontinued.

Fastmarkets invited feedback from the industry on the pricing methodology for its index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey (MB-STE-0416), and its index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey (MB-STE-0417), via an open consultation process between May 4 and June 5, 2023.

Fastmarkets invited feedback from the industry on the pricing methodology for pig iron import, cfr Gulf of Mexico, US, $/tonne (MB-IRO-0004), via an open consultation process between May 4 and June 5, 2023.

In contrast to the apparent widespread belief that war would lead to a surge in scrap collections in Ukraine, volumes actually fell in 2022 and are likely to fall again in 2023, according to the head of Ukranian commodities think-tank, GMK Center

Fastmarkets invited feedback from the industry on the pricing methodology for its steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan price assessment (MB-STE-0464), via an open consultation process between May 4 and June 5, 2023.

Fastmarkets invited feedback from the industry on the pricing methodology for its steel hot-rolled coil index domestic, exw Northern Europe, €/tonne (MB-STE-0028) and steel hot-rolled coil index, fob mill US, $/cwt (MB-STE-0184), via an open consultation process between May 4 and June 5, 2023.

The attack by the Russian army on a hydroelectric power plant in Nova Kakhovka in southern Ukraine on Tuesday June 6 has affected steelmaking operations at Kryvyi Rih, where ArcelorMittal’s Ukrainian steel mill and Metinvest’s mining and processing plants (GOKs) are located, sources have told Fastmarkets

Fastmarkets will launches its price assessment for ferro-chrome low carbon, 0.10% C, basis 60-64.9% Cr, CIF Europe, on Tuesday June 6.

Mitsui and Kobe Steel are seeking to reinforce their position in direct-reduced iron (DRI) production in the Middle East with the construction of a low-CO2 iron metallics production plant within the Special Economic Zone at Duqm, in the Sultanate of Oman