Traders in China are seeking to move piled-up base metal stock in the country to Southeast Asia and Europe, where supply is tight, with export arbitrage terms turning positive since Russia's invasion of Ukraine

Fastmarkets is not publishing its nickel 4x4 cathode all-in price, delivered Midwest US and its nickel briquette all-in price, delivered Midwest US on Tuesday March 8 because trading of the commodity on the London Metal Exchange has been suspended.

The publication of Fastmarkets' weekly price assessments for pig iron and hot-briquetted iron (HBI) in the US and Latin America were delayed from Friday March 4 until Monday March 7 because of an internal error

Russia's invasion of Ukraine in February will have a profound effect on flows of material in global metal markets in the long term; in the short term the consequences have been extraordinary

Turkish mills have been forced to pay $6 per tonne more for United States-origin ferrous scrap with the extreme curtailment of Black Sea billet shipments into global markets acutely intensifying demand for Turkish material, and there are more hefty increases for US ferrous scrap export prices on the horizon, sources told Fastmarkets

Key Asian markets Taiwan and the Philippines will have to rely more on higher-priced steel billet from Southeast Asia if they can no longer procure Russian material amid the ongoing Russia-Ukraine conflict, according to sources

Rail services for Vale’s Carajás operations are suspended after heavy rain caused a landslide at the Estrada de Ferro de Carajás (EFC) railway at the KM378+200 stretch, in the municipality of Bom Jesus das Selvas, in the Brazilian state of Maranhão

US President Joe Biden highlighted recent new capital investments in manufacturing during a White House event on Thursday March 4, at which Siemens USA president and chief executive officer Barbara Humpton announced a $54-million investment in producing equipment for electrical infrastructure

The brand, called GRN Steel, will offer reinforcing bar, wire rod and merchant bar, Schnitzer announced on Monday March 7

EU short-term shortage is ahead and energy cost inflation could have the biggest impact