SAN FRANCISCO, April 22, 2021 (Fastmarkets) – Fastmarkets RISI is inviting feedback from the industry on the pricing methodologies for North American Containerboard and Kraft Paper, and Boxboard, as part of its announced annual methodology review process. This consultation, which is open until May 21, 2021, seeks to ensure that our methodologies continue to reflect […]

As the US steel market continues to build up steam, can the promise of new capacity in 2021 lead the way to a steel price correction?

Magnitogorsk Iron & Steel Works (MMK) has confirmed plans to resume hot-rolled coil production at its MMK Metalurji subsidiary in Turkey in the third quarter of 2021.

China imported 31,496 tonnes of steel scrap in March of 2021, with 20,493 tonnes, or 65.1% coming from Japan, according to the country's General Administration of Customs.

Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning.

Prices for higher grades of steel scrap exported from Japan continued to increase over the past week, underpinned by a strong appetite in the domestic market, sources told Fastmarkets this week.

Domestic demand in the United States for hot-rolled coil is "phenomenal" and is expected to remain that way for the rest of 2021 and into 2022, Steel Dynamics Inc (SDI) president and chief executive officer Mark Millett said during the company's earnings call.

China’s import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.

Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.

Fastmarkets FOEX invited feedback from the industry in an open consultation process between March 16th and April 13th, 2021 on the pricing methodology for its PIX Paper indices. The consultation was done as part of our annual methodology review process. Fastmarkets FOEX would like to thank for the feedback received during the consultation period. It […]