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Tin demand poised for long-term boom despite easing prices
Supply headwinds in the tin market so far in 2024 and the recent sell-off in the futures market show that demand is recovering more slowly than anticipated because of the poor macro-economic climate, but in the long-term, market participants still expect demand to grow due to the energy transition
August 12, 2024
·
By Yiwen Ju
Insights
Expectations for improved aluminium demand supported by automotive recovery
The automotive industry in Japan, a major contributor to aluminium demand, had been hit with a series of headwinds in the first half of 2024, hampering its long-anticipated recovery. But market participants still expect the automotive industry to support a recovery in aluminium demand
August 12, 2024
·
By Chay Chye Leng
Insights
When will green steel take off in the US?
Green steel premiums in the US are off to a slow start, compared to the figures mills are collecting in Europe and Asia
August 12, 2024
·
By the Fastmarkets team
Insights
Proposal to discontinue certain US tubular prices
Fastmarkets proposes to discontinue its price assessments for MB-STE-0561 steel ERW line pipe (X65), fob mill US, $/short ton; MB-STE-0873 steel ERW line pipe (X70), fob mill US, $/short ton; MB-STE-0852 steel welded LSAW line pipe API 5L X65 US $/tonne; MB-STE-0853 steel welded HSAW line pipe API 5L X65 US $/tonne; MB-STE-0022 steel ERW standard pipe A53 Grade A, fob mill US, $/short ton and MB-STE-0056 steel ERW standard pipe A53 Grade A import, cif Houston, $/short ton.
August 9, 2024
·
By Dan Hilliard, Mark Burgess
Insights
SGX iron ore 65% Fe contract sets new daily traded record
The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives contract – which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao – set a new record for traded volumes at 1.22 million tonnes in a single day, according to SGX published data on Thursday August 8
August 9, 2024
·
By Norman Fong, Zdravko Cherkezov
Insights
MENA steel suppliers well positioned to grab bigger share of EU market during green transition
Suppliers from the Middle East & North Africa (MENA) widely expect to gain market share in the European flat steel market in the coming years as a result of the EU's Carbon Border Adjustment Mechanism (CBAM) and an anti-dumping probe again Asian suppliers, sources told Fastmarkets on Thursday August 8.
August 9, 2024
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By Julia Bolotova, Serife Durmus, the Fastmarkets team
Insights
Pressure for trade defense takes away spotlight from steel decarbonization at Brazilian Steel Conference
The Brazilian steel industry called for trade defense measures and integrated action in Latin America to try to contain the advancement of Chinese-origin material before moving on to more complex projects such as decarbonization, key industry market participants said at the 2024 Brazilian Steel Conference
August 9, 2024
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By Gabriela Brumatti, Ana Enis
Insights
Amendment to frequency of aluminium P1020A MJP spot premium
After a month-long consultation period, which ended on Wednesday July 31, Fastmarkets has amended the publication frequency of its MB-AL-0343 Aluminium P1020A MJP spot premium, cif Japan, from twice weekly to daily.
August 8, 2024
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By Chay Chye Leng
Insights
Australian mining’s ESG conundrum
Amid the rising focus on environmental, social and governance (ESG) performance, the Australian mining industry faces a conundrum: maintain production at competitive levels or promote rigorous ESG standards
August 8, 2024
·
By Callum Perry, Solomon Cefai, Alice Li, Laura Roberts
Insights
Low-grade demand remains sluggish across key consuming regions through July
In July, low-grade consumption remained muted across key regions with the three main sectors, while the pallet market struggled with low prices and a surplus of recycled pallets.
August 8, 2024
·
By Ian Templeton
Insights
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