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UG2/MG chrome ore prices experience sharpest decline since Sept 2021
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
August 9, 2022
·
By Sybil Pan, Claire Patel-Campbell
Insights
European FeCr benchmark drops back to Q1 level
The European charge and high-carbon ferro-chrome benchmark for the third quarter of 2022 has slumped by 16.7% from the previous quarter’s settlement to $1.80 per lb
August 9, 2022
·
By Claire Patel-Campbell
Insights
Three themes from US steelmakers’ Q2 2022 earnings calls
Executives at major flat-rolled steel producers in the United States discussed three common themes during their companies’ earnings calls for the second quarter of 2022, sharing views on a potential recession, affects from recent government policy changes and trends in steel raw materials
August 8, 2022
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By Grace Asenov
Insights
Proposal to adjust Detroit bundles, busheling prices decision [update]
Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying prices for No1 bundles and No1 busheling scrap in Detroit, effective from the August 2022 monthly settlement.
August 8, 2022
·
By Sean Barry
Insights
‘Recession-proof’ aluminium packaging sector remains resilient despite challenging market conditions
The aluminium packaging sector has continued to report robust demand and financial results despite the weaker market conditions that have hobbled some other aluminium end-users
August 8, 2022
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By Carrie Bone
Insights
Houston ferrous scrap market switch consultation [update]
Following a consultation period and market feedback, Fastmarkets will switch its Houston ferrous scrap price series to a consumer buying assessment on January 1, 2023, from its current methodology as a dealer selling assessment.
August 5, 2022
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By Sean Barry
Insights
BMW to use green steel from China’s HBIS for car production
BMW Group will start to use low-carbon steel from Chinese steelmaker HBIS Group in vehicle production at its plants in China from mid-2023, the German carmaking giant said on Thursday August 4
August 5, 2022
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By Zihuan Pan
Insights
AMAG, Audi develop recycled aluminium wheel alloy for series production
Austrian aluminium producer AMAG and German automotive manufacturer Audi have developed a recycled aluminium material for vehicle wheels to be put into series production, it was announced on Wednesday, August 3.
August 4, 2022
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By Carrie Bone
Insights
Infrastructure projects will spark steel boom in Bangladesh, BSRM’s Sengupta says
Fresh infrastructure projects in Bangladesh will drive significant steel demand and make doing business in the country easier in the coming years, Tapan Sengupta, the deputy managing director of steelmaker Bangladesh Steel Re-Rolling Mills (BSRM) told Fastmarkets in an exclusive interview
August 4, 2022
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By Lee Allen
Insights
Correction to pricing rationale of Fastmarkets’ Shanghai copper cathode cif premium
Fastmarkets has corrected the first line in its pricing rationale for MB-CU-0403 copper grade A cathode premium, cif Shanghai, which was published incorrectly on Tuesday August 2 due to a reporter error.
August 3, 2022
·
By Sally Zhang
Insights
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