China's largest privately owned copper smelter, Dongying Fangyuan, has filed for bankruptcy, kicking off a debt-restructuring process, multiple sources claimed to Fastmarkets.

Increasingly higher bulk freight rates have resulted in deep-sea cargoes of ferrous scrap being offered at higher prices to Bangladesh in the past week, sources told Fastmarkets on Thursday August 20.

July imports of steel scrap to South Korea increased both on a month-on-month and year-on-year basis following another strong month in June, according to data from the Korea International Trade Association.

Aluminium premiums in Japan dropped by an average of $2.50 per tonne to $175-190 per tonne on Friday August 13, from $180-190 per tonne on August 10, with low buying interest weakening demand in recent weeks.

Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.

The union at Escondida and BHP, the Chilean copper mine’s majority shareholder and operator, have agreed to extend wage negotiations until Friday August 13, so a deal can be signed and a strike averted.

Spot prices for imported containerized ferrous scrap in Taiwan started rebounding in the week to Friday August 13 due to increasing seller reluctance to offer lower prices given the widening price gap with bulk cargoes, market sources told Fastmarkets.

In Latin America, higher public spending in 2020 due to Covid-19 and higher global commodity prices in 2021 are driving up prices while unemployment levels remain high and purchasing power stagnates.

Ukraine has already sold forward around 20% of its corn export potential in a flurry of sales that, along with concerns over the...

Box demand and low supply drive all RCP prices higher for third month in a row.