Fastmarkets is proposing to launch a mixed-hydroxide-precipitate, cif China, Japan and South Korea price assessment to track the market dynamics of this emerging nickel sulfate feedstock.

Fastmarkets is revising its base metals publication schedule for September 19 following a decision by the London Metal Exchange to partially suspend ring-trading on the day, out of respect for the state funeral of HM Queen Elizabeth II.

Fastmarkets’ UK offices will be closed on Monday September 19 for a public holiday in observance of the funeral of Her Majesty Queen Elizabeth II.

Fastmarkets has updated its consumer buying price for steel scrap No1 heavy melt and cut structural/plate, 5’ max, delivered mill Cleveland, following the arrival of late information for the domestic ferrous scrap monthly trade in September.

Fastmarkets proposes to amend the frequency of its price assessment for steel billet, import, cfr China, $/tonne to once per week in response to low liquidity.

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.