Fastmarkets has added a section to its cobalt methodology clarifying how the cobalt metal monthly averages on Fastmarkets’ platform are calculated, following market demand for further clarification

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying price for turnings in Houston, effective from the September 2022 monthly settlement.

Fastmarkets has corrected its consumer buying price for steel scrap No2 bundles, delivered mill Philadelphia, following an input error during the monthly domestic ferrous scrap trade in September.

Fastmarkets advises that some monthly regional ferrous scrap markets have not settled for September. Fastmarkets typically settles these markets on or before the 10th of the month.

Following a consultation period and market feedback, Fastmarkets is realigning its dealer selling price for ferrous scrap machine shop turnings in St Louis, effective from the September 2022 monthly settlement.

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying prices for No1 bundles and No1 busheling scrap in Alabama, effective from the September 2022 monthly settlement.

Fastmarkets’ calculation of its steel scrap HMS 1&2 (80:20), export index, fob Los Angeles was published incorrectly on Wednesday August 31 due to a reporting error.

The publication of Fastmarkets' battery grade lithium hydroxide and lithium carbonate cif China, Japan & Korea spot prices was delayed on Thursday September 1, due to a reporting team error.

Fastmarkets has discontinued its price assessment for steel heavy plate, 8-50mm, export, fob Black Sea, CIS (MB-STE-0013), due to a substantial reduction in market activity.

Fastmarkets will change the frequency of certain Latin American steel export price assessments to monthly from weekly due to reduced liquidity observed in the market, effective Friday September 2.