Domestic prices for hot-rolled coil in the EU increased over the week to Friday April 30, going above €1,000 ($1,205) per tonne for the first time.

Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.

Brazilian flat steel producers are poised to raise domestic prices by 10-18% in May, due to rising global steel and raw materials values, along with resilient local demand, market participants told Fastmarkets this week.

The publication of Fastmarkets’ European aluminium scrap and secondary prices assessments for Friday April 30 have been delayed because of a technical issue.

Turkish steelmakers speeded up their deep-sea scrap purchases at the end of the week, with Asian demand for steel products increasing sharply since China confirmed the cancellation of its export tax rebate on some steel products, sources told Fastmarkets on Friday April 30.

The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said.

Following consultation with stakeholders, Fastmarkets RISI will amend the publishing schedule for World Pulp Monthly Table 5 China prices to capture the final assessments of the month. Table 5 China prices are based on the latest Fastmarkets RISI’s weekly and bi-weekly price assessments published in PPI Asia on Fridays. Traditionally Table 5 China prices have […]

Fastmarkets, the global commodity price reporting agency, and NOREXECO ASA, the international pulp and paper exchange, today announced that the exchange will launch two new cash-settled China pulp futures contracts on June 1 based on Fastmarkets RISI’s NBSK CIF China assessment and Fastmarkets FOEX’ PIX China BHKP Net index.

The demand for nickel and cobalt as battery materials for electric vehicles (EV) will keep their long-term bullish fundamentals intact, according to Canadian miner Sherritt International.

Fastmarkets’ weekly price assessments for the CIS export steel market will not be published on May 3 or 4 because of recent changes to the public holiday schedule in Ukraine. Instead, the prices will be published on May 5.