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Geo-economic tensions fuel electrical steel race between China, India
China and India are ramping up electrical steel production through new joint ventures and acquisitions to meet rising global demand and sustainability goals.
October 31, 2024
·
By Suresh Nair, Sam Li Xiaoyu, the Fastmarkets team
Insights
Concerns loom over weak market fundamentals amid launch of new Chinese state-owned recycling company
A new Chinese state-owned enterprise (SOE) called China Resources Recycling Group (CRRG) has been established to build a national platform for recycling and reusing resources, according to an announcement from Chinese officials on October 18. While details of the company's specific plans remain scarce, market participants remain concerned about weak market fundamentals, sources told Fastmarkets..
October 31, 2024
·
By Carman Chew
Insights
UK chancellor promises ‘no higher taxes at petrol pump’ next year in Autumn Budget
UK Chancellor of the Exchequer Rachel Reeves has confirmed that fuel duty will not rise in 2025, keeping the previous 5 pence-per-liter discount in place.
October 31, 2024
·
By Alexandra Chapman
Insights
Pilbara Minerals lowers FY25 production guidance as Ngungaju plant placed on care and maintenance
Australian lithium producer Pilbara Minerals will be placing its Ngungaju plant on care and maintenance from December 2024, the company announced on Tuesday October 29.
October 30, 2024
·
By Callum Perry
Insights
Five challenges facing paper packaging procurement officers
How packaging buyers in the food and beverage sector overcame challenges in cost, compliance and sustainability in 2024
October 30, 2024
·
By the Fastmarkets team
Insights
Glencore production results reveal falling zinc, nickel production
Quarterly figures released by global miner Glencore on Wednesday October 30 showed that zinc concentrate output was dropping in a tight market while overall nickel output was down despite an increase in briquettes.
October 30, 2024
·
By James McKeigue, Natasha Porter, the Fastmarkets team
Insights
Chinese hot-rolled coil prices rise but buyer interest remains mixed
China’s domestic and export steel hot-rolled coil prices rose on Monday October 28, reflecting a robust performance in the futures market, but the upward price movement did not translate into increased demand.
October 29, 2024
·
By Jessica Zong
Insights
Chinese stainless steel prices fall on weak demand and lower raw materials costs
Chinese stainless steel prices fell in the week ended Wednesday October 23 in both the domestic and export markets, in response to weak demand and lower-cost raw materials, sources told Fastmarkets
October 29, 2024
·
By Jessica Zong
Insights
Global steel market: Four early takeaways from Alacero Summit 2024 in Buenos Aires
Steel leaders from throughout Latin America gathered during October 29-31 in Buenos Aires, Argentina, at Alacero Summit 2024 to learn more about the region's growing importance in the global steel market
October 29, 2024
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By Gabriela Brumatti, Ana Enis, Dan Hilliard, the Fastmarkets team
Insights
Canada’s weekly grain and oilseed exports drop by 38%, led by declines in wheat and canola
Canada's grain and oilseed exports fell 38%, with significant declines in wheat and canola, despite strong soybean exports, according to the Canadian Grain Commission
October 29, 2024
·
By Yana Sukharska
Insights
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