Following extensive market engagement, Fastmarkets will change specifications of its daily price assessment for steel billet, import, cfr Southeast Asia from Monday April 12.

Fastmarkets opened a consultation on January 29, 2020, inviting feedback on its iron ore index methodologies in line with our annual methodology review process.

Fastmarkets is proposing amendments to the specifications of its index for iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne (MBIOI-PT).

US President Joe Biden’s $2-trillion infrastructure and jobs package is being applauded by domestic steelmakers and the United Steelworkers union.

A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.

Fastmarkets has launched four implied prices based on the weekly published copper concentrates treatment charge/refining charge (TC/RC) index, with data available from April 2021.

The following molybdenum prices were inadvertently published by Fastmarkets on Thursday April 1 due to a reporter error.

The key containerized ferrous scrap import market of Taiwan continued to witness price gains this week amid tight supply of United States- and Japan-origin materials, sources told Fastmarkets.

Base metals prices on the London Metal Exchange were mainly weaker this morning, Thursday April 1, and those on the Shanghai Futures Exchange were more mixed, while markets contend with cross winds.

Japan's export steel scrap market presented a mixed picture in the week to Thursday April 1, with rising steel prices in Asia colliding with continued difficulties in sourcing vessels at key Japanese ports, sources said.