European buyers of steel coil are encountering difficulties obtaining credit insurance and opening credit lines for purchases because of the rapid price rises and extended lead times in recent months, sources told Fastmarkets this week.

Sustained demand for containerized ferrous scrap imports in the key Taiwanese market should continue to support prices in the near term, market sources told Fastmarkets.

The base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday April 23, as were the wider markets while US President Joe Biden prepares to announce his plans on tax.

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As the US steel market continues to build up steam, can the promise of new capacity in 2021 lead the way to a steel price correction?

A summary of Swedish state-owned iron-ore producer LKAB’s financial results for the first quarter of 2021 ending March 31.

Magnitogorsk Iron & Steel Works (MMK) has confirmed plans to resume hot-rolled coil production at its MMK Metalurji subsidiary in Turkey in the third quarter of 2021.

China imported 31,496 tonnes of steel scrap in March of 2021, with 20,493 tonnes, or 65.1% coming from Japan, according to the country's General Administration of Customs.

Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning.