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Steel and ferro-alloys in the new year: 10 key themes | 2024 preview
The steel industry has long been a symbol of global economic might. But as we peer into 2024, the landscape appears more nuanced than ever
December 22, 2023
·
By the Fastmarkets team
Insights
Magnitude 7 aluminium smelter in Missouri mulling over closure
One of the last five aluminium smelters in the United States – the privately owned Magnitude 7 Metals LLC smelter in Marston, Missouri – is considering closing if a buyer is not found, Fastmarkets has learned
December 22, 2023
·
By Yasemin Esmen
Insights
China’s 2024 ‘Blue Sky War’ to add uncertainty to iron and steel markets | 2024 preview
China’s State Council has set a two-year action plan for cleaner air, and the comprehensive strategy to improve air quality will affect all key economic sectors, market sources told Fastmarkets
December 22, 2023
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By the Fastmarkets team, Alice Li, Jessica Zong
Insights
Asia’s move toward green steel picks up pace
Decarbonization of the steel industry in Asia is set to accelerate, with steelmakers pressed to export more amid weak local demand and oversupply, necessitating the increase of low-carbon steel supply
December 21, 2023
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By Nabilah Awang
Insights
Delayed publication of Manila steel billet price
The publication of Fastmarkets’ CFR Manila billet price was delayed on Tuesday December 19 due to a technical error.
December 20, 2023
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By Paul Lim
Insights
China EV sales exceed one million units and BRM prices remain under pressure
While the downstream electric vehicle market witnessed spectacular sales and output growth in November, the upstream battery raw materials prices continued to experience bearishness amid slow buying and increasing capacity
December 20, 2023
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By Sybil Pan, Carrie Shi, Zihao Li, the Fastmarkets team
Insights
Turning volatility into victory: A toolbox for battery makers
As the electric vehicle (EV) revolution accelerates, battery makers find themselves at the forefront of a burgeoning industry but an industry not without its challenges
December 20, 2023
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By the Fastmarkets team
Insights
Navigating battery supply challenges and price momentum for the automotive sector
In the ever-expanding world of electric vehicles (EVs), industry players face three key challenges; securing a reliable supply of battery materials, determining the most cost-effective battery chemistry and navigating the impact of current price momentum on profit margins.
December 20, 2023
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By the Fastmarkets team
Insights
US aluminium industry welcomes clarification on Section 45X
A recent clarification of the Section 45X tax credit under the Inflation Reduction Act (IRA) that includes aluminium in the critical minerals list will help boost domestic production, according to aluminium producers in the United States
December 20, 2023
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By Yasemin Esmen
Insights
Fastmarkets to launch new Mexican scrap price forecasts amid rising competition in the region | 2024 preview
Demand for ferrous scrap rises in North America is surging and competition in the region for scrap and iron metallics is hotting up
December 19, 2023
·
By Alexander Kershaw
Insights
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