The likely introduction of an export tax on Russian semi-finished steel products could cause tight supplies and a jump in prices for steel billet in Asia over the second half of 2021, sources told Fastmarkets on Friday June 25.

Market chatter about China possibly imposing new export taxes for steel as part of commodity price cooling measures has been rampant in the past week, causing traders and market participants to re-think their trading strategies, and overseas buyers to consider a potential supply shortfall.

India-based trade sources have reacted coolly to news that the country is on track to produce a second consecutive record...

Argentina’s farming sector has offered an olive branch to the national government in a bid to cool mounting tensions around...

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 Food and Agriculture Organization of the United Nations (FAO) has warned of a repeat of last year’s costly...

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.

Iskenderun Demir Celik (Isdemir), a subsidiary of Turkey’s biggest steel producing group Erdemir Group, has started planned maintenance at its blast furnace no 2.

With a virtual LME Week starting on Monday October 19, the base metals market is starting to focus on negotiating 2021 contracts. Here, read about how the evolving nature of virtual negotiations is affecting the aluminium, copper, nickel and tin markets.