Turkish mills have been forced to pay $6 per tonne more for United States-origin ferrous scrap with the extreme curtailment of Black Sea billet shipments into global markets acutely intensifying demand for Turkish material, and there are more hefty increases for US ferrous scrap export prices on the horizon, sources told Fastmarkets

Key Asian markets Taiwan and the Philippines will have to rely more on higher-priced steel billet from Southeast Asia if they can no longer procure Russian material amid the ongoing Russia-Ukraine conflict, according to sources

EU short-term shortage is ahead and energy cost inflation could have the biggest impact

The loss of pre-booked Black Sea corn supply will be hard to replace for feed producers in South Korea

The impact of the Russia-Ukraine conflict on US corn markets

Cash indications for Russian wheat heard in the Black Sea market for the first time since sanctions imposed

Rising demand drives price hike as low-stock mills seek volume

Major RCP suppliers are relocating tonnage from SEA to India, sapping the availability in the SEA market

Cobalt market participants have reported that this week’s Russian invasion of Ukraine will compound the tightness in availability of units in the spot market while some opt to steer clear of handling Russian material

Supply disruptions and pulp shortages are influencing rising prices