IN CASE YOU MISSED IT: 5 key stories from September 5

Here are five Fastmarkets MB stories you might have missed on Thursday September 5 that are worth another look.

Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs.

While US interest in flat steel imports picked up somewhat in August, spurred by expectations of price increases for domestic flat-rolled products in early 2020, prices for imported flat steel remained unchanged amid increased uncertainty in the overall market outlook.

The three-month tin price on the London Metal Exchange has rebounded by more than 14% during morning trading on September 5, prompted by the announcement of planned refined tin smelter production cuts by a group of 14 smelters in China.

China’s leading stainless steel mills - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have taken diverse approaches to their September tender prices for high-carbon ferro-chrome, Fastmarkets heard on September 5.

Export prices for Chinese stainless steel rose over the past week after Indonesia said it would bring forward a ban on nickel ore exports to the end of this year.

What to read next
The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
Fastmarkets wishes to clarify in this pricing notice its current methodological approach to Russian brands in its metals and mining pricing assessment process after Russia’s unprovoked invasion of Ukraine.
Fastmarkets’ Shanghai-London arbitrage calculations for base metals were published incorrectly on Wednesday September 28 due to a reporter error,
Is the ‘green’ advantage held by steel companies in the US at risk as the market adopts a more rigorous approach to reducing Scope 3 emissions?
Spot demand for aluminium is softening and Rotterdam premiums now, at the end of September 2022, are at a nine-month low, so market participants are considering whether Europe remains an attractive destination for imports
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.