Bears out of hibernation ahead of October ferrous scrap trade

The publication of Fastmarkets’ EU, UK stainless steel scrap prices was delayed because of a technical error on Friday September 29.

Fastmarkets RISI invited feedback from the industry on the pricing methodology for North American recovered paper, via an open consultation process between Aug. 8 and Sept. 1, 2023. This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.

Fastmarkets will calculate its index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, $/tonne to two decimal places from October 2, instead of one decimal place, which is done currently.

Fastmarkets proposes to launch a cobalt mixed hydroxide precipitate payable indicator, % cobalt metal standard grade in-whs Rotterdam, CIF China, Japan, and South Korea and cobalt mixed hydroxide precipitate, outright price, CIF China, Japan, and South Korea, $/tonne.

Fastmarkets proposes to amend the frequency of its MB-NIO-0003 nickel mixed hydroxide precipitate outright price, cif China, Japan, and South Korea and MB-NIO-0004 nickel mixed hydroxide precipitate payable indicator, % London Metal Exchange, cif China, Japan, and South Korea from once per week to daily.

The relatively high costs for black mass material meant that some recyclers in China and Southeast Asia were turning away from purchases of such powders in favor of other options

Fastmarkets proposes to amend the specifications of its low carbon differentials and re-launch them via two new differentials.

Demand for P&W papers remained soft in a typically strong period of sales for the industry, prompting Billerud to postpone October price increases

France-based metallurgy firm Eramet and utility company Suez announced this week that they will begin the recycling of electric vehicle (EV) batteries at a site in Dunkirk, northern France, beginning in 2025