IN CASE YOU MISSED IT: 5 key stories from January 24

Here are five Fastmarkets MB stories you might have missed on Thursday January 24 that are worth another look.

An ad hoc coalition of more than 45 groups from various industries in the United States has called on President Donald Trump’s administration to end the Section 232 tariffs on steel and aluminium imports from Canada and Mexico.

Chinese steelmakers’ narrowing margins and improvements in the supply of Brazilian iron ore have resulted in lower penalties for alumina content in the steelmaking raw material recently, although there are factors that could raise buyers’ sensitivity toward this impurity in the coming months.

Cobalt product prices in China were broadly steady on Wednesday January 23 due to limited availability of prompt cargoes, but market participants are wary of price vulnerability after the Chinese New Year holiday on February 4-10.

Ferrous scrap consumption in the United Kingdom will continue to increase over the coming years amid an expansion in the UK operations of international metals group Liberty House, Fastmarkets MB’s research team believes.

M2 Cobalt Corp and Jervois Mining Ltd plan to merge in a deal that will complement the latter’s ambitions in East Africa as part of its focus on the growing battery metals market.

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The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Mexico’s production and consumption of long steel fell year-on-year in May due to weakness in the country's construction sector, but posted a month on month gain, according to the latest data from the Mexican steel chamber, CANACERO.
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
Fastmarkets has corrected the rationale for its MB-CO-0021 cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end), which was published incorrectly on Wednesday July 2 due to a reporter error.
The prices are: The changes were made in order to ensure that the liquidity and price volatility in these markets is adequately captured. The changes were welcomed by market participants seeking more granular coverage and increased transparency. In the UK, the decline of domestic steelmaking means the scrap market is dominated by exports. Exporters told Fastmarkets that […]