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Latin American BEK pulp producers seek price hikes across the board and divert shipments from Europe to Asia
Brazil exported a record 1 million tonnes of bleached eucalyptus kraft pulp to China in July, according to Brazil’s Secretariat of Foreign Trade
August 30, 2023
·
By the Fastmarkets team, Marina Faleiros, Sandy Oliveira
Insights
UAW expects strike authorization; steel industry gauges impact
Authorization for the United Auto Workers union (UAW) to call a strike at one or more of the Big Three automakers appeared headed toward approval on Thursday August 24, according to a union spokesperson, bringing with it a potential sharp dip in steel demand
August 25, 2023
·
By Robert England
Insights
US BSK pulp prices drop $50-80 due to oversupply, while BHK pulp prices skid $60-100
Both hardwood and softwood pulp demand remained weak but Suzano surprises with price hike announcement
August 24, 2023
·
By Bryan Smith
Insights
European copper premiums under pressure; import conditions favorable in China
European spot copper market participants noted challenging market conditions in the week to Tuesday, August 22, with financing costs and weak demand putting downward pressure on premiums
August 24, 2023
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By Rijuta Dey, Sally Zhang, Albert MacKenzie
Insights
European softwood lumber exports to the US cooled in second quarter of 2023
Declining production in Europe has contributed to the fade in exports to the US
August 24, 2023
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By Peter Malliris
Insights
Cleveland-Cliffs calls for USS to reveal other bids; industry split on deal impact
US Steel (USS) must name its potential buyers, Cleveland-Cliffs said in a filing with the US Securities and Exchange Commission (SEC) on Tuesday August 22, escalating a very public disagreement between the two integrated steelmakers
August 23, 2023
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By the Fastmarkets team, Rijuta Dey, Alesha Alkaff
Insights
Cliffs-US Steel combo’s pricing power could roil auto steel market: sources
A combination of Cleveland-Cliffs and US Steel into a single automotive steel market behemoth, if approved, is widely expected to wield considerable pricing power
August 22, 2023
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By Robert England
Insights
US OCC prices climb $5 per tonne in Asia, driven up by restocking at China-based mills
Weak Chinese packaging demand and a sharp depreciation of the Chinese renminbi resulted in slumping exports of packaging material
August 22, 2023
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By Nick Chang
Insights
SE Asia ferrous scrap demand to rise 50% despite spike in iron ore-based steelmaking: MRAI Bangkok
With the ferrous scrap industry converging on the Thai capital of Bangkok for the Material Recycling Association of India’s (MRAI) first Southeast Asian business summit on August 21-22, eager eyes are being cast toward the future growth potential of the region’s ferrous scrap markets
August 21, 2023
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By Lee Allen
Insights
European demand for ‘green’ copper increasing; premiums already being paid: sources
A number of sources have told Fastmarkets that there is already demand in Europe for copper with green credentials. Less clear, however, is whether the supply demand balance has created the need for premiums for green copper, and what the future holds for the material
August 18, 2023
·
By Albert MacKenzie
Insights
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