Brazil-based steelmaker Gerdau expects the metal spread in its North America division to remain stable in the coming months after the company was able to secure ferrous scrap at competitive prices, chief executive officer Gustavo Werneck said on Wednesday August 5.

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

Blockchain technology can help the global iron ore industry thrive amid the headwinds encountered by steelmaking countries around the world, according to Singapore's DBS Bank.

Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday August 6, but the complex was up by an average of 0.4%.

Fastmarkets will increase the pricing frequency of its fixed price cobalt hydroxide index, to fortnightly from Friday August 7.

Crude steel, finished steel and hot metal output of the China Iron & Steel Association’s (Cisa) member mills rose to record highs in late July, but steelmakers’ finished steel inventories dropped sharply, according to data released late on Wednesday August 5.

Copper miners operating in the Democratic Republic of Congo (DRC) have been informed that they will not be able to renew their waivers to export copper concentrate from September onward, Fastmarkets has learned.

A correction has been issued for this article.

JSW Steel USA has appointed industry veteran Mark Bush to be its new chief executive officer.

Three-month base metals prices on the London Metal Exchange were firmer this morning, Wednesday August 5, with gains averaging 0.3%.