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Record-low copper TC/RCs push miners to agree very-long term deals
Recent weeks have seen a significant number of miners agreeing sales of copper concentrate to traders for one to four years of supply, Fastmarkets has learned
May 13, 2024
·
By Albert MacKenzie, Sally Zhang
Insights
Market faces ‘unsustainable’ double negative with copper concentrates, cathode cif Shanghai both trading at record lows
The copper market is facing a historical moment with Chinese smelters now paying premiums for raw material copper concentrate while selling their finished product at a discount, but participants point to easing concentrate demand in the second quarter as supportive for the market
May 13, 2024
·
By Sally Zhang
Insights
Final decision on open consultation on methodology for Northern Europe, US HRC indices
Fastmarkets invited feedback from the industry on the pricing methodology for its steel hot-rolled coil index, domestic, exw Northern Europe, € per tonne (MB-STE-0028) and steel hot-rolled coil index, fob mill US Midwest, $ per cwt (MB-STE-0184), via an open consultation process between March 26 and April 29, 2024.
May 10, 2024
·
By Janie Davies
Insights
Decarbonization in the steel industry creating two-tiered iron ore market
The iron ore market is expected to diverge into two segments in line with the steelmaking industry’s march toward reducing carbon emissions, Fastmarkets learned at the 2024 Singapore Iron Ore Forum (SIOF) on Tuesday May 7
May 10, 2024
·
By Norman Fong
Insights
Middle East: New increases in GCC-area testliner and fluting prices as second quarter starts
Unprecedented rainfall in mid-April causes a slowdown in the box business across the UAE, impacting local industries and economies
May 10, 2024
·
By Eva Nyman
Insights
Steelmakers halt production in southern Brazil due to floods, try to measure business losses
Main Brazilian steel producers halted production and operations in distribution centers in the country's Rio Grande do Sul state due to local floods, but potential losses remain uncertain since the situation has not yet been resolved, the companies told Fastmarkets in written statements this week
May 10, 2024
·
By Gabriela Brumatti
Insights
US delays ban on Chinese graphite in batteries while ex-China suppliers scrabble to source critical minerals
The US Treasury Department will give automakers a two-year extension to 2027 on restrictions to some hard-to-trace minerals from China, such as graphite contained in anodes, it said in an announcement on Friday May 3
May 8, 2024
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By Sybil Pan
Insights
Discontinuation of PPI Europe Paper for Recycling Assessments – Implementation
Moving forward from this date, the discontinued PPI Europe assessments will be replaced in PPI Europe Price Watches with the full suite of PIX Recovered Paper Prices including PIX OCC 1.04 dd, PIX ONP/OMG 1.11 dd, PIX RCP Mixed 1.02 GER, and PIX SOP and PIX Multiprint. The above new price coverage will be in accordance with our PIX European […]
May 8, 2024
·
By the Fastmarkets team
Insights
US scrap trends outlook: May 2024
Here are the four key takeaways from the US scrap market participants in our May survey
May 8, 2024
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By the Fastmarkets team
Insights
Mexican tariffs said to already be affecting aluminium supply chain and premiums
The new tariffs on aluminium imports imposed by Mexico are affecting the light metal's supply chain, trade flows and premiums, sources told Fastmarkets during the week to Friday May 3.
May 7, 2024
·
By Renato Rostás, Imogen Dudman, Leticia Simionato
Insights
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