European steel and aluminium producers have urged the European Commission to take immediate and effective action to tackle "scrap leakage" so that the European Union can meet its sustainable development aims and secure industrial competitiveness.

The possibility that tax credits for electric vehicles (EVs) will be rescinded under the new administration of President-elect Donald Trump has given US sales – and some automotive manufacturers – a long sought-after boost.

Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.

Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference. The consultation received no feedback. The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price […]

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