Fastmarkets will, on Wednesday April 21, launch a weekly price assessment for the zinc SHG ingots in-warehouse Southeast Asia warrant premium.

Spot prices for imported ferrous scrap in China were stable on Friday April 16 even with Chinese steel mills continuing to seek out cargoes of HRS101, the Chinese grade for plate and structural scrap.

Base metals prices on the London Metal Exchange were largely trading sideways during the morning session on Tuesday April 13, after decreases across the board on Monday due to warnings out of China about rising commodity prices.

The London Metal Exchange three-month nickel price was down by 2.8% to $16,165 per tonne during morning trading on Monday April 12, with the other base metals also starting the week lower after turning to the downside last Friday following comments out of China regarding rising commodity prices.

Fastmarkets is changing some of the specifications of its daily Southeast Asia steel billet import price assessment from Monday April 12.

Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.

Chinese ferrous scrap buyers are considering higher bids for imported heavy scrap, with steel mills in both east and northeast China looking to purchase more quantities in the coming weeks.

Import prices for ferrous scrap in Vietnam are still increasing due to a strengthening downstream steel market, though the rate of increase has slowed, sources told Fastmarkets on Friday April 9.

Tata Steel’s recycling business in India is to offer domestically produced shredded material to the Indian market, adding to its existing offering, the company told Fastmarkets on Wednesday April 7.

Following extensive market engagement, Fastmarkets will change specifications of its daily price assessment for steel billet, import, cfr Southeast Asia from Monday April 12.