The publication of Fastmarkets’ daily European steel hot-rolled coil (HRC) price indices for July 14 were delayed because of a technical error that interrupted the peer-review process.

Automotive producers are likely to be the first downstream sector to shift toward using “green steel,” Saudi Arabian steel producer Sulb Co's chief executive Ravi Singh told delegates at the Singapore Steel Forum 2021 on Wednesday July 14.

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally weaker this morning, Wednesday July 14, after stronger-than-expected inflation data from the United States on Tuesday raised concerns.

Due to a reporter error, the United States tin premiums for Tuesday July 13 were published in Fastmarkets’ price book five minutes later than the scheduled time of 3pm GMT.

Domestic prices for hot-rolled coil in Northern Europe increased in the week to Friday July 9, supported by continuing supply tightness.

Turkish steel mills continued their deep-sea scrap purchases at a slow pace at the beginning of the week, trying to put further pressure on prices, market participants told Fastmarkets on Monday July 12.

North American Stainless (NAS) sent a letter to its customers on Thursday July 8 declaring force majeure due to a lack of industrial gasses that are critical for operations.

Prices for shredded steel scrap imports into Pakistan increased in the week to Friday July 9, supported by higher trading activity compared with India, sources have told Fastmarkets.

Turkish steel mills ended the week with six deep-sea cargo deals, which were booked for immediate requirements, market participants told Fastmarkets on Friday July 9.

The latest analysis from recent activity on the CME Group’s cobalt metal futures contract, cash-settled against Fastmarkets’ price assessment for cobalt, standard grade, in-whs Rotterdam.