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Open consultation on methodology for US pig iron import assessment
Fastmarkets is inviting feedback from the industry on the pricing methodologies for its pig iron import, cfr Gulf of Mexico, US, $/tonne (MB-IRO-0004) as part of its annual methodology review process.
May 4, 2023
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Insights
Open consultation on methodology for Turkey steel scrap import indices
Fastmarkets is inviting feedback from the industry on the pricing methodologies 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), as part of its annual methodology review process.
May 4, 2023
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Insights
Amendment to frequency of Fastmarkets’ China steel billet import price assessment
After a 30-day consultation, Fastmarkets will amend the frequency of its price assessment for China steel billet imports from weekly to fortnightly due to the low liquidity observed in the import market.
May 4, 2023
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By Jessica Zong
Insights
Open consultation on methodology for cobalt hydroxide inferred price
Fastmarkets is inviting feedback from the industry on the pricing methodology for the cobalt hydroxide inferred price as part of its announced annual methodology review process.
May 4, 2023
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By Justin Yang
Insights
OBITUARY: Former Metal Bulletin chairman Trevor Tarring passes away at 90
Trevor J Tarring MBE, former editor, managing director and chairman of Metal Bulletin (now known as Fastmarkets), passed away on Saturday April 30 after a brief illness. He was 90 years old. Trevor began his journalism career in 1953 when he joined Metal Bulletin, following in the footsteps of his father, LH Tarring, who had […]
May 4, 2023
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By the Fastmarkets team
Insights
Indonesia to prioritize domestic MHP production
Indonesia will stop providing licenses for new nickel pig iron (NPI) facilities and will assess the position of nickel matte due to concerns over nickel ore availability
May 4, 2023
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By Callum Perry
Insights
US Scrap Trends Outlook: May
North American ferrous scrap prices are due a further downward correction in May following drops incurred on cut grades and shredded scrap in April; primes trended sideways over the period
May 3, 2023
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By Sean Barry
Insights
Launch of Asia HBI price
Fastmarkets launches its cfr Asia hot-briquetted iron (HBI) price on Thursday June 1, with the first price published on Friday June 9.
May 3, 2023
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Insights
Stymied flow of raw materials along Mississippi River may shore up May’s ferrous scrap market
The current curtailment of barge shipments along the upper portion of the Mississippi River due to flooding is balancing some of the negative sentiment brought on by a swathe of end-of-month cancelations sent out by US mills to their suppliers
May 3, 2023
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By Amy Hinton
Insights
Mitsui-Kobe Steel joint venture cements Middle East as vital DRI hub, but further efforts are required
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
May 2, 2023
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By Norman Fong
Insights
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