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US scrap trends outlook: February 2025
Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our January survey.
February 10, 2025
·
By the Fastmarkets team
Insights
Proposal to amend load port of metallurgical coal spot HCC, PCI price assessments
Fastmarkets proposes to amend the load port of its hard coking coal and pulverized coal injection (PCI) spot prices, fob DBCT, to fob eastern Australian ports, from the current basis of Dalrymple Bay Coal Terminal, Australia.
February 10, 2025
·
By Jessie Li
Insights
Delayed amendment to name of nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China
The amendment to the name of the price assessment for nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China has been delayed following a reporter error. Fastmarkets decided to amend the name of the price assessment, shortening it to nickel ore with 1.8% nickel content, following a […]
February 10, 2025
·
By Dylan Duan
Insights
Middle East: PIX Packaging GCC indices down for third consecutive month in January
Prices for recycled fiber-based containerboard (RCCM) in the Gulf Cooperation Council (GCC) region experienced minor changes in January, with locally produced testliner and fluting stable or slightly lower compared with December, against the expectations of Fastmarkets contacts. Fastmarkets’ PIX Testliner GCC index edged down by $2.88 per tonne, or 0.60%, to close at $473.92 per […]
February 7, 2025
·
By Mariam Icar
Insights
Proposal to amend settlement date of US stainless scrap consumer assessments
Currently, its suite of consumer stainless scrap assessments settle on the 10th of each calendar month in line with the publication deadline of the US ferrous scrap settlement. North American ferrous scrap prices settle on or before the 10th of the month, per Fastmarkets’ methodology, which can be found here. US domestic ferrous markets are taking […]
February 7, 2025
·
By Amy Hinton
Insights
Slight uptick in lumber prices after tariffs delayed 30 days
A 30-day delay in implementation of tariffs on Canadian shipments to the US reset recent trends in framing lumber markets. Sales picked up in most regions and species, but higher quotes early in the week retreated nearer to last week’s levels. Western S-P-F sales were mixed, but several secondaries reported their strongest days of the […]
February 7, 2025
·
By Joe Pruski, the Fastmarkets team
Insights
Solar power technology evolution triggers decline in gallium demand
The photovoltaic (PV) solar power industry is continuing to evolve, but demand for gallium as a doping element in silicon-based PV cells is gradually declining, market participants told Fastmarkets early in 2025.
February 7, 2025
·
By Nico Zhang
Insights
2024 Biodiesel imports and exports fall to lowest level since 2020
US Census Bureau data released on Wednesday, February 5 shows calendar year 2024 imports were 18% below import totals in the same period of 2023, while calendar year 2024 exports were 31% below comparative 2023 exports. Biodiesel imports experienced quarter-on-quarter declines in each quarter during 2024. Imports were expected to fall as the market began […]
February 7, 2025
·
By Robert Lane
Insights
Proposal to reduce frequency of steel billet index export, fob Black Sea, CIS
The amendment would decrease publishing frequency to twice per week from daily, to reflect lower market liquidity following Russia’s invasion of Ukraine in 2022 and resulting in Western sanctions against Russia that led to lower export sales volumes from the country. This is also while the effect of the war has resulted in lower sales […]
February 6, 2025
·
By Vlada Novokreshchenova
Insights
Nickel bears on borrowed time
Navigating LME nickel: A cautious optimism amid bearish sentiment
February 6, 2025
·
By Andy Farida
Insights
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