Fastmarkets is proposing to amend its iron ore indices methodology by exempting the calculation of the iron ore premium indices from the automatic 4% outlier filter, to provide a more accurate representation of market dynamics and a more comprehensive calculation of the premium indices.

Nickel market participants around the world reacted with alarm to the allegations of “systematic fraud” raised by global commodity trading house Trafigura that could result in losses of up to $577 million

India has tough targets when it comes to increasing the volume of steel scrap being consumed by the country’s steel sector, but to reach its targets it will have to consider the supplies of such material that are available to Indian mills, an industry conference has heard

Hot-rolled coil prices in the US South brushed against $40 per hundredweight on higher mill offers, but continued to trail their Midwest counterparts due to skeptical buyers with sufficient inventories to wait out what they said was likely a short-term surge

Fastmarkets proposes to launch a bi-weekly magnesium metal assessment, ex-warehouse US, to provide insight and transparency to the various participants in the magnesium market.

Fastmarkets invited feedback from the industry on the pricing methodology for low-carbon ferro-chrome in Europe, via an open consultation process, initially between November 28, 2022, and January 9, 2023, and then extended to February 6, 2023.

There’s widespread agreement that the London Metal Exchange nickel contract is broken, but little consensus on how to get it going again.

There is a “strong possibility” that a third electric-arc furnace (EAF) rebar mini mill with a 600,000 ton per year annual capacity will be built by Highbar LLC in the future, David Stickler, senior managing partner of Global Principal Partners, told Fastmarkets on Thursday February 9

Following the discontinuation of its monthly consumer buying trend for Houston ferrous scrap, Fastmarkets will publish a notice detailing month-on-month market changes to consumer buying prices for that market up to and including the March 2023 settlement.

Fastmarkets has corrected its price assessment for steel reinforcing bar (rebar) domestic, exw Italy, which was published incorrectly on Wednesday February 1 due to an error.