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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
Prices for shredded steel scrap imported into South Asia continued to rise on Friday May 7 but buyers were hesitant about booking material, sources have told Fastmarkets.
Turkish deep-sea scrap import prices continued to rise in the latest bookings agreed for June shipments, market sources said on Friday May 7.
Seaborne coking coal prices continued to increase in the cfr market on Friday May 7 amid expectations of further tight supply beause of the political tensions between China and Australia, market sources said. The fob market remained largely stable on the day amid soft buying activity.
China’s new and stricter steel capacity swap ratios will cool the overheated steelmaking raw materials market and pave the way for more electric-arc furnaces to be used in its mammoth steel industry, market sources told Fastmarkets this week.
Import prices for ferrous scrap in Vietnam increased during the week to Friday May 7 on bullish sentiment in the spot market, and could break the $500-per-tonne-cfr-Vietnam mark for bulk cargoes, industry sources told Fastmarkets.
Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday May 7, as were broader markets.
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