Seaborne iron ore concentrate and pellet prices fell during the week to Friday July 15 amid limited demand from steelmakers, market sources said

The Shanghai Futures Exchange copper price used in Fastmarkets’ base metals arbitrage calculation on Friday July 15 has been amended due to an unprecedented market change.

At this year’s Steel Success Strategies conference in Miami, the expert steel automotive panel delved into the risks and opportunities facing steel in automotive production

US steelmakers continue to fine tune or ramp up their raw materials strategies in a race to cover the prime scrap shortfall as the pendulum swings further away from blast furnaces toward electric arc furnace (EAF) production

The prospects for large volume trades in China’s import steel scrap market could hinge on whether a large United Kingdom-origin bulk cargo successfully passes Chinese customs checks later this year, sources told Fastmarkets

Fastmarkets advises that some monthly regional ferrous scrap markets have not settled for July. Fastmarkets typically settles these markets on or before the 10th of the month.

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying price for ferrous scrap turnings in Detroit, effective the July 2022 monthly settlement.

Fastmarkets published its Commonwealth of Independent States export billet index later than scheduled on Friday July 8, due to a reporter error.

Europe will have to rethink its iron ore supply lines after major producer Metinvest was forced to shut three mining and processing operations, because of logistics issues caused by Russia's invasion of Ukraine, the GMK Center think-tank told Fastmarkets this week

The Chilean government has introduced a tax reform bill that, among other measures, would raise mining royalties on companies that produce more than 50,000 tonnes per year of copper, according to a release from the country’s ministry of finance