Fastmarkets is launching a new daily China ferrous scrap import price assessment on Monday February 8 after a month-long consultation.

After a month-long consultation, Fastmarkets has amended the frequency for the publication of its fob China rebar index due to low liquidity in the spot market in the past year.

Hot-rolled coil prices in the United States have remained at an all-time high while mills have benefited from a tight market, Fastmarkets has learned.

Turkey came back to the deep-sea export markets in the week ended Friday February 5, capitalizing on lower prices, while buying appetite in the Asian markets was subdued by the imminent Lunar New Year holiday.

Junior miner Bacanora Lithium has signed a new joint venture agreement with offtake partner Ganfeng Lithium after the latter exercised the option to increase its stake in the Sonora lithium project to 50%, it said on February 1.

The Wuxi Stainless Steel Exchange launched an electronic trading contract for ammonium paratungstate (APT) with the trading code APT2105 on Friday February 5.

Three-month base metals prices on the London Metal Exchange were up across the board on the morning of Friday February 5, led by a 1.4% gain in nickel, with the US Dollar Index easing after reaching a three-month high on Thursday.

With the exception of tin, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Friday February 5, suggesting there is little appetite for follow-through selling after recent bouts of weakness.

Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.

Fastmarkets RISI is proposing to discontinue the price assessment for China Uncoated Woodfree Reels (mixed wood/nonwood pulp) in PPI Asia, with effect from March 2021. In tandem with a consistent, substantial decline in nonwood pulp production in China over the past decade for cost and environmental reasons, the availability of uncoated fine paper furnished with […]