Five associations representing carbon-intensive industries in Europe have joined forces to demand changes to the scope of the European Union’s Carbon Border Adjustment Mechanism (CBAM). Signed on Wednesday, January 25, one of the five signatories to the joint statement, the European steel association Eurofer, released the statement to the public domain on January 27. The […]

With tensions high in the region and import demand rapidly shifting, will this result in a truly structural change in the agriculture market?

Steel Dynamics Inc (SDI) has completed its purchase of a 45% minority equity interest in its single largest flat-roll steel customer, the Fort Wayne, Indiana-based steelmaker announced on Monday January 31. New Process Steel is a Houston-based metals solutions and distribution supply-chain management company. This investment – first announced in October 2021 – expands SDI’s […]

Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX European Pulp price indices, as part of its annual methodology review process. This consultation, which is open until February 28th, 2022, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International […]

Cascades surprises market with only corrugating medium price increase

As previously proposed and following a consultation, Fastmarkets FOEX has decided to discontinue the PIX US Newsprint 27.65 lb index. Fastmarkets FOEX will publish the last index on June 28, 2022. This decision is motivated by the shrinking US newsprint market, limited interest in the index, and plans to harmonize our US coverage. Fastmarkets FOEX […]

Fastmarkets FOEX invited feedback from the industry in an open consultation process between December 1, 2021 and January 14, 2022, on proposals to: Develop a monthly NET index for PIX US NBSK pulp expressed in dollars per tonne. Discontinue the current PIX US NBSK (gross) and PIX US NBSK Net Change indices by June 30, […]

Following consultation with stakeholders and as previously announced, Fastmarkets has discontinued the following price assessments with effect from January 2022. Supercalendered kraft (SCK) release liner label paper Carbonless CB rolls These assessments will no longer appear in PPI Pulp & Paper Week, the Fastmarkets portal and mobile app, as well as all data feeds. Fastmarkets held a […]

The idea of imposing a border tax on imports is "ill-advised" and would harm the metals industry and U.S. consumers, according to the American Institute for International Steel (AIIS)

Rio Tinto’s major setback at its lithium development project in Serbia exposes the overall fragility of Europe’s outlook for bringing battery raw material sourcing closer to home