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Fastmarkets is proposing to launch a new daily China ferrous scrap import price assessment to enhance its growing editorial coverage of the Asian market for the steelmaking raw material.

Global silico-manganese output dropped by 4.5% month on month in November 2020 to 1.5 million tonnes, due to production cuts in Asia and the Commonwealth of Independent States region, according to the latest data from the International Manganese Institute (IMnI).

The three-month tin price on the London Metal Exchange crossed the $21,200-per-tonne mark while copper edged above $7,900 per tonne during morning trading on Tuesday January 5, with a weak dollar continuing to offset worries about new lockdowns in Europe and the Georgia run-off election in the United States.

Brazil’s iron ore exports increased by a third in December compared with a year earlier, according to statistics from the country’s economy ministry.

Delivery and sales from leading US-based electric vehicles (EVs) manufacturer Tesla showed strong growth over the course of 2020 despite the economic setbacks and logistic disruptions triggered by the global spread of Covid-19 and its economic consequences, according to data released by the company on Saturday January 2.

View the Fastmarkets holiday pricing schedule for 2021-2022.

The new coronavirus strain found in the United Kingdom has raised fears of scrap supply shortages which could feed the runaway prices in Asia, market sources told Fastmarkets in the week to Thursday December 24.

Steel scrap prices have risen again across all major consumer markets over the past week, driven by solid demand and constrained supplies.