Demand and supply are now in balance as the industry recovers from Omnicron disruptions

From January 2023, Fastmarkets proposes to no longer roll over its price assessments for minor metals, ores, alloys or industrial minerals when these are scheduled to be made on days that fall on public holidays in the country in which the price is assessed, or in which a price is based.

Prime steel scrap prices were a hot topic ahead of March’s ferrous trade, following the announcement that Russia sent troops into eastern Ukraine on Monday February 22 in a move that could threaten the United States’ pig iron supplies and force mills to rely more heavily on prime scrap

Prices for seaborne iron ore concentrate and pellet decreased in the week ended Friday February 18 amid a downtrend in the high-grade fines sector, though some mills have started replenishing their inventories on an as-needed basis, market sources said

Fastmarkets has corrected its daily yuan per wet tonne and $ per tonne indices for iron ore 62% Fe fines, fot Qingdao, which were published incorrectly on Monday February 21 due to input errors

The publication of Fastmarkets’ daily Turkey steel scrap indices for Monday February 21 was delayed due to a technical fault

After a consultation period, Fastmarkets has amended the thickness specifications for the weekly price assessment for steel hot-rolled coil import, cfr Saudi Arabia, $/tonne

Fastmarkets has corrected its consumer buying price for steel scrap random rails, delivered mill Philadelphia, following an input error during the monthly domestic ferrous scrap trade in December 2021

Fastmarkets is proposing to launch a monthly assessment to reflect the prevailing price range for spodumene concentrate contracts on a cif China basis in response to market feedback

The United States’ steel import licenses in January increased modestly month on month and significantly year on year, according to government data