A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets

The alumina sector is continuing to grapple with rising costs and weakening market conditions, while the Atlantic differential could switch direction due to refinery production cuts and aluminium smelter closures, sources told Fastmarkets.

Shagang Group, China's largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said

Fastmarkets will roll over its steel price assessments next week in countries that will observe the upcoming Eid al-Adha holiday.

Alcoa will reduce production at its San Ciprián alumina plant in Spain because of high natural gas prices, it said late last week.

Take a closer look at the key topics that are on the top of the agenda for battery raw materials market participants

ResponsibleSteel, a third-party global provider of sustainability standards and certifications, is working on a steel certificate that should be ready in the next two to three months, marking the next step in a standardized benchmark for sustainable steelmaking

China is working toward decarbonizing its steel industry – which accounts for around 15% of total emissions from the Chinese manufacturing sector. But several market participants believe that the road to decarbonization will be a long one

Prices rise $40-100/tonne, bleached hardwood kraft surge outpaces bleached softwood kraft

Surging energy prices in Europe have led to fresh concerns about aluminium production across the continent, with market participants mulling the possibility of additional smelter cuts