Producers actions to reduce losses raise raw material costs, the market now braces for Q4 hikes

Box demand and low supply drive all RCP prices higher for third month in a row.

Steelmakers in the United States are poised to benefit as countries race to meet pledges to reach net-zero carbon dioxide (CO2) emissions, according to the director of the US Department of Energy’s National Energy Technology Laboratory (NETL).

Contrary to earlier forecasts that new steelmaking capacity in North America would reverse the record-high price spike this year, analysts and market participants now have indicated that the additional production will not have much impact until deep in to 2022.

Explosive growth in renewable diesel production has led to an extremely tight US soybean oil supply/demand situation that could take months, if not years, to alleviate.

Is the switching to scrap-based electric-arc furnace (EAF) steel production enough to get the industry to net-zero carbon dioxide emissions? The answer is probably not.

While crops in the United States and Canada are already being impacted by hot and dry weather conditions, China is looking to Australia for its high-protein wheat supply.

Base metals, iron ore, rebar and precious metal prices on the Shanghai Futures Exchange were up across the board this morning, Monday July 5, with all the base metals, apart from lead, also higher on the London Metal Exchange.

Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday July 2, and were looking quite divergent.

United Arab Emirates-based Dana Steel resumed hot-dipped galvanized coil production at its Dubai facility in June, company chief executive officer Ankur Dana told Fastmarkets this week.