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US scrap trends outlook: September 2024
Here are the key takeaways from market participants on scrap metal prices, market confidence, inventory and more from our September survey
September 5, 2024
·
By the Fastmarkets team
Insights
The LME’s block trade plans | Hotter Commodities
The London Metal Exchange has unveiled a series of proposals which, if successful, could accomplish what it failed to achieve close to a decade ago: bringing the investment community into the fold.
September 5, 2024
·
By Andrea Hotter
Insights
Aluminium premiums in Europe remain well-supported; Japanese spot reference edges lower
The primary aluminium premium for duty-unpaid units in Rotterdam edged higher in the week to Tuesday September 3, while the wider European market found continued support from high replacement costs and tight nearby inventories despite slow consumer demand.
September 4, 2024
·
By Yasemin Esmen, Chay Chye Leng, Imogen Dudman
Insights
Key global nickel talking points ahead of the International Critical Minerals & Metals Summit
Market participants are converging on Bali in Indonesia for the Fastmarkets International Critical Minerals & Metals Summit (ICMMS) on September 5 and 6, so ahead of the event, we capture the main themes facing the global nickel market.
September 4, 2024
·
By James McKeigue
Insights
Launch of UAE import light and medium steel sections S235-SS400 assessment
Fastmarkets launched a price assessment for MB-STE-0920 steel sections (light and medium), S235-SS400, import, cfr Jebel Ali, UAE on Wednesday September 4.
September 4, 2024
·
By Serife Durmus
Insights
Correction to decision to amend methodology, delist certain grades for North American non-ferrous scrap dealer buying prices
Fastmarkets has corrected the notice regarding the decision to delist certain grades of its North American non-ferrous scrap dealer buying prices.
September 3, 2024
·
By Geoff Mattson
Insights
Chinese lithium prices fall amid volatility in futures; CJK flat on thin trading
China’s lithium carbonate prices fell in the week to Thursday August 29, amid volatility in futures prices. Hydroxide prices also softened on the back of muted spot demand.
September 2, 2024
·
By Zihao Li
Insights
Finished steel product import surge threatens Brazilian wire rod market amid quota policy
As the country moves to make the quota tariff against steel imports work, concerns are growing within the Brazilian steel industry over a potential surge in imports of finished steel products, particularly fastening materials such as screws, nails, bolts and wires, which could impact the entire supply chain, sources have told Fastmarkets.
September 2, 2024
·
By Ana Enis
Insights
Nippon Steel promises additional $1.3 billion in US Steel upgrades if buy survives
Nippon Steel doubled down on its promised billion-dollar-plus capex investment promise to US Steel on Wednesday August 28, drawing the ire of the United Steel Workers (USW) labor union..
August 30, 2024
·
By Dan Hilliard
Insights
Decision to amend methodology for North American non-ferrous scrap dealer buying prices, delist certain grades [corrected]
Fastmarkets will initiate the planned update of its suite of North American non-ferrous scrap dealer buying prices on Tuesday September 2, following a 30-day consultation period.
August 29, 2024
·
By Geoff Mattson
Insights
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