European steelmakers need to consolidate to gain better control over pricing and the supply-demand balance as well as to better tackle rising production costs, but it will not solve the major problems of the European flat steel market, sources told Fastmarkets.

The base metals on the London Metal Exchange were firmer across the board this morning, Tuesday November 24, although those on the Shanghai Futures Exchange were mixed following the weakness seen on the LME on Monday.

Hot-rolled coil prices in the United States have surged on confirmed buying activity and incredibly thin spot availability, prompting at least one electric-arc furnace (EAF) coil producer to quietly communicate a base price increase to customers, Fastmarkets has learned.

Chinese soybean crushers washed out several cargoes of US soybeans last week as crush margins in China tightened amid...

Commodities trader Trafigura and local government body Entreprise Générale du Cobalt (EGC) have penned an offtake agreement specifically for the supply of artisanal cobalt in a deal designed to concurrently formalize the sector.

The base metals were mixed this morning, Monday November 23, but the underlying trends remain bullish following recent fresh highs in most of the metals.

Fastmarkets has decided not to proceed with the proposed amendment of the specifications of the indices for (MB-COA-0003) premium hard coking coal, fob DBCT, $/tonne and (MB-COA-0005) premium hard coking coal, cfr Jingtang, $/tonne, due to changes in spot market conditions.

The lack of rain in some regions of north Uruguay could put at risk the forecast expansion in the country’s soybean planted...

Steelmakers in South Korea have focused on procuring steel scrap from their domestic market, along with some cut-price deals from Japan, over the past week, sources said on Friday November 20.

China's expected recovery in air travel after the Covid-19 pandemic is expected to result in 8,600 new airplane purchases over the next 20 years, according to US manufacturer Boeing.