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China shaping up to be major steel slab source amid shortages caused by Ukraine war
China is shaping up to be a major steel slab supplier to the rest of the world amid shortages resulting from Russia's invasion of Ukraine
March 29, 2022
·
By Paul Lim, Zihuan Pan
Insights
LME nickel price closes week at $35,000; aluminium, zinc up 6%
Nickel prices on the London Metal Exchange had fallen by 4% at the 5pm close of trading on Friday March 25, after another week of disruptions.
March 25, 2022
·
Insights
Pig iron shortage from lost Ukraine-Russia volumes may be partly covered by other sources
A shortage in the global pig iron market caused by the absence of Ukraine, as well as Russia’s limited ability to sell, can only partially be covered by suppliers from other regions, sources told Fastmarkets on Tuesday March 22
March 23, 2022
·
By Marina Shulga
Insights
Quotas to replace 232 tariffs vs UK: Commerce
The United States and United Kingdom have reached a deal that will replace the Section 232 tariffs applied to US imports of steel and aluminium products from that country with a quota system, the US Department of Commerce announced on Tuesday March 22
March 23, 2022
·
By Lisa Gordon
Insights
US Midwest aluminium premium falls from peak
The benchmark aluminium premium in the United States fell from its all-time high amid reported discounting, after having broken a series of records in six of the past seven assessments, sources told Fastmarkets on Friday, March 18
March 21, 2022
·
By Orla O'Sullivan
Insights
Demand dynamics support price premium for alloy-grade cobalt
Availability concerns on certain materials and in specific regions have been supporting the emergence of a premium for alloy-grade cobalt against standard-grade material, compounded by the backdrop of the Russia-Ukraine war and its potential effect on flows of Russian cobalt
March 21, 2022
·
By the Fastmarkets team
Insights
Lack of direct sanctions against Russian aluminium fails to halt rapid advance of premiums in Europe
The European aluminium industry fretted over the availability of Russian material the last time sanctions were applied in 2018, but with premiums already pushing to near all-time highs following Russia's invasion of Ukraine, it's clear the market's reaction is very different this time around.
March 17, 2022
·
By Imogen Dudman
Insights
Europe steel sections prices jump on soaring HRC costs, low availability
The price of steel hollow sections in the European domestic market jumped sharply again this week amid soaring costs and limited availability of hot-rolled coil (HRC) feedstock, sources told Fastmarkets on Wednesday March 16
March 16, 2022
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By Ross Yeo
Insights
Europe to prohibit imports of iron, steel from Russia
The European Commission announced its fourth package of restrictive measures against trade with Russia on Friday March 11, in response to that country’s invasion of Ukraine
March 15, 2022
·
By Serife Durmus
Insights
European, US aluminium PFA premiums hit new all-time highs
Primary foundry alloy (PFA) premiums reached new all-time highs in both Europe and the United States in the month to Monday March 14, following increased supply concerns in both regions related to the Russian invasion of Ukraine
March 15, 2022
·
By Orla O'Sullivan, Imogen Dudman
Insights
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