South Korea’s two largest steelmakers plan to slash their intake of import scrap over the coming months amid weak finished steel demand, market sources have told Fastmarkets.

Seaborne coking coal prices rose on Wednesday April 15 due to active trading in China, though demand from countries such as Japan was heard to be weak amid production cuts implemented by mills.

Fastmarkets has amended the quality of steel heavy plate accepted in its China plate export price assessment to A36 from Q235B.

Fastmarkets MB proposes to discontinue the publication of its ferrous trade logs.

Markets are looking brighter this morning Tuesday April 14, on a combination of more mining production cuts, a deal on an oil supply cut, better Chinese trade data that showed imports were only down by 0.9% year on year in March and some reopening of businesses in Europe.

BRUSSELS, Belgium, Apr. 14, 2020 (Fastmarkets RISI) – Forest Biomass Finland Forest Chips Sub-Index appeared incorrectly for a short time Tuesday, April 14 in the Fastmarkets RISI portal and mobile app. The correct index value is Eur21.99/MWh, not Eur21.90/MWh as originally appeared. All databases have now been corrected. The values sent out to FOEX customers by […]

Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.

China’s ferrous scrap market plummeted over the past three weeks due to destocking pressure on sellers coupled with low procurement rates among mills, which sent prices to their lowest in close to two years.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Thursday April 9, as were Asian-Pacific equity indices.

Here are five Fastmarkets stories you might have missed on Wednesday April 8 that are worth another look.