Fastmarkets is proposing to launch a weekly import price assessment for steel billet on a cfr China basis.

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).

Fastmarkets proposes to make two amendments to the specifications of its daily price for steel billet, import, cfr Southeast Asia.

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

The price of shredded steel scrap imported jumped by almost $30 per tonne on Friday December 18 due to continued tightness in container availability and a strong international market, sources told Fastmarkets.

The price of shredded steel scrap imported into India and Pakistan crossed $400 per tonne on Friday December 11 as a result of high international prices and tight shipping availability, sources told Fastmarkets.

Nearly two months after Chinese steel mills were verbally notified to halt imports of Australian coal, market participants and industry analysts tell Fastmarkets about the consequences of the ban and their predictions for its future.

Argentina has exported a record 34.5 million mt of corn in the January-October period, up 10% compared with the same...

Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.

With just 35 days remaining until the United Kingdom withdraws from the European Union, the country’s potential departure from the EU single market could see its domestic aluminium scrap market face business-critical trade barriers that, according to market participants, would send the UK’s scrap industry hurtling backwards.