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Correction to LME-traded base metals rand fixing prices

Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.

June 8, 2023
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By pricing@fastmarkets.com

Insights
Fastmarkets launches European green steel prices to bring transparency to industry’s drive to decarbonization

Read more about our suite of green steel benchmarks that will assess the price differential against traditional flat steel prices

June 8, 2023
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By Yolande Peters

Insights
EC confirms China-EU waste biofuel probe after complaint raised

The European Commission reacts to allegations of possible fraud cases related to biofuel imports from China

June 8, 2023
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Insights
Decision to discontinue 2ft rail crops Chicago assessment

Fastmarkets will discontinue its consumer buying assessment for steel scrap rail crops 2ft max, delivered mill Chicago, effective July 1 amid a sustained lack of liquidity for that grade in that market.

June 7, 2023
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By Amy Hinton

Insights
Final decision on open consultation on methodology for US Midwest ferrous scrap indices

Fastmarkets has, in line with our annual methodology review process, concluded a consultation that opened on May 4, 2023, inviting feedback on our methodology for our US Midwest ferrous scrap indices.

June 7, 2023
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By Sean Barry

Insights
Proposal to reinstate US titanium price, reopen prior consultation

Fastmarkets is proposing to reinstate one quarterly US titanium price based on market feedback and is reopening a consultation for four other US titanium prices that were discontinued.

June 7, 2023
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By Grace Asenov

Insights
Final decision on open consultation on methodology for Turkey steel scrap import indices

Fastmarkets invited feedback from the industry on the pricing methodology for its index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey (MB-STE-0416), and its index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey (MB-STE-0417), via an open consultation process between May 4 and June 5, 2023.

June 7, 2023
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Insights
Final decision on open consultation on methodology for US pig iron import assessment

Fastmarkets invited feedback from the industry on the pricing methodology for pig iron import, cfr Gulf of Mexico, US, $/tonne (MB-IRO-0004), via an open consultation process between May 4 and June 5, 2023.

June 7, 2023
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Insights
Contrary to rumors, war actually reduces scrap collections in Ukraine, GMK CEO says

In contrast to the apparent widespread belief that war would lead to a surge in scrap collections in Ukraine, volumes actually fell in 2022 and are likely to fall again in 2023, according to the head of Ukranian commodities think-tank, GMK Center

June 7, 2023
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By Marina Shulga

Insights
Final decision on open consultation on methodology for Taiwan steel scrap price assessment

Fastmarkets invited feedback from the industry on the pricing methodology for its steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan price assessment (MB-STE-0464), via an open consultation process between May 4 and June 5, 2023.

June 7, 2023
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By Ross Yeo

Insights

Top stories across markets

Fastmarkets launches new European prime scrap price forecasts amid decarbonization push

European scrap consuming electric arc furnace output is rising, with demand for higher grade scraps to produce flat steel expected to grow. Fastmarkets has launched prime grade scrap forecasts to capture this

June 7, 2024

By: Alexander Kershaw

Asian scrap demand set to rise as Fastmarkets unveils new regional price forecasts

Demand for ferrous scrap in Asia has been rising, with the region becoming a leading importer of scrap globally. Fastmarkets is expanding its forecasts in the region to cover this trend

June 7, 2024

By: Alexander Kershaw

CIF Asia black mass payables firm in May amid strong demand

Payables for nickel cobalt manganese (NCM) black mass in the CIF Asia markets were firm in May despite volatility in battery raw material prices

June 6, 2024

By: Tianran Zhao

Ukraine production of wheat, corn and barley

Dry bulk freight rates drop further on surplus tonnage in Atlantic, with sluggish demand

Rates fell on major routes like Brazil-Northeast Asia and US Gulf-Northeast Asia, driven by excess tonnage in the Atlantic basin and the impact of decreasing oil prices

June 6, 2024

By: Masha Belikova

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