The prospects for large volume trades in China’s import steel scrap market could hinge on whether a large United Kingdom-origin bulk cargo successfully passes Chinese customs checks later this year, sources told Fastmarkets

Fastmarkets advises that some monthly regional ferrous scrap markets have not settled for July. Fastmarkets typically settles these markets on or before the 10th of the month.

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying price for ferrous scrap turnings in Detroit, effective the July 2022 monthly settlement.

Fastmarkets published its Commonwealth of Independent States export billet index later than scheduled on Friday July 8, due to a reporter error.

Europe will have to rethink its iron ore supply lines after major producer Metinvest was forced to shut three mining and processing operations, because of logistics issues caused by Russia's invasion of Ukraine, the GMK Center think-tank told Fastmarkets this week

The Chilean government has introduced a tax reform bill that, among other measures, would raise mining royalties on companies that produce more than 50,000 tonnes per year of copper, according to a release from the country’s ministry of finance

A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets

The alumina sector is continuing to grapple with rising costs and weakening market conditions, while the Atlantic differential could switch direction due to refinery production cuts and aluminium smelter closures, sources told Fastmarkets.

Shagang Group, China's largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said

Fastmarkets will roll over its steel price assessments next week in countries that will observe the upcoming Eid al-Adha holiday.