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.

Malaysian crude palm oil prices are set to move higher after the Indian government announced on Thursday...

European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of the European flat steel market, sources told Fastmarkets.

Seaborne premium hard coking coal prices in both fob DBCT and cfr Jingtang markets edged up on a daily basis on Friday November 20 although the ongoing restriction from China on Australian coal imports has caused a widening differential between the prices since late October.

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Improving demand for finished and semi-finished steel products across the major outlets has increased scrap prices in the major markets over the week to Friday November 13.

The price of shredded steel scrap imported into India and Pakistan moved up once again on Friday November 13, with material shortage and logistics issues still causing concern, sources told Fastmarkets.

Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.

The price of shredded steel scrap imported into India and Pakistan moved up on Friday November 6 as a result of tight material supply, sources have told Fastmarkets.

Fastmarkets today, Friday November 6, launches its weekly Steel scrap shredded, index, import, cfr Port Qasim, Pakistan.