Get the key takeaways from our recent webinar covering the future of US ferro-chrome pricing in a post-benchmark world.

Read more about the highlights from Fastmarkets’ annual Middle East Iron and Steel conference, which was held on 18-20 November in Dubai.

Steel market participants had varying reactions to US President-elect Donald Trump’s assertion on Monday September 25 that he will impose a 25% tariff of all products being imported from Canada and Mexico into the US, as well as levy a 10% additional tariff on all Chinese imports.

The International Energy Agency (IEA) and the UN High Level Climate Champions (UN HLCs) have developed a roadmap detailing a global implementation plan for governments and initiatives in the steel industry, aimed at accelerating decarbonization, Fastmarkets heard at the 29th Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UN FCCC).

The news that President-elect Donald Trump is considering additional tariffs on goods from China as well as on all products from US trading partners Canada and Mexico has spurred alarm in the US aluminium market at a time that is usually known to be calm.

Unlike most other commodities, cobalt is primarily a by-product – with 60% derived from copper and 38% from nickel – so how will changes in those markets change the picture for cobalt in the coming months following a year of price weakness and oversupply in 2024?

Following an initial one-month consultation period, Fastmarkets has decided to extend the consultation period of the proposal to launch low-grade ferro-nickel, 20-25% Ni contained cif China price assessment to allow for additional feedback from the industry.

Prices for imported flat-rolled steel into the US were largely stable on Wednesday November 20, with market participants reporting thin trading and long lead times deterring them from engaging in the foreign markets.

Copper recycling will become increasingly critical as the world transitions to cleaner energy systems, the International Energy Agency (IEA) said in a special report published early this week.

The publication of Fastmarkets’ MB-BMS-0014 Black mass, NCM/NCA, payable indicator, cobalt, domestic, exw USA, % payable Fastmarkets’ standard-grade cobalt price assessment and MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price assessment for Wednesday November 20 was delayed due to reporter error. Fastmarkets’ pricing database has been updated.