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Fastmarkets is inviting feedback from the industry on the methodology for its audited ferrous scrap price assessments and indices, as part of its announced annual methodology review process.
Aluminium scrap dealers selling to large recycling companies in Brazil are facing cash flow difficulties because they have been forced to receive delayed payments, which may lead to more severe outcomes, like company closures, sources told Fastmarkets
The publication of Fastmarkets’ India import shredded steel scrap index for Tuesday April 2 was delayed due to a technical issue. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ weekly assessments for steel scrap auto bundle scrap domestic, delivered Turkey and steel scrap melting scrap from shipbreaking domestic, delivered Turkey for Monday March 25 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
Western governments are increasingly implementing policies to protect their local metal-producing industries from rival products made in the developing world, but how should eastern lawmakers and companies respond to these moves?
Fastmarkets proposes to increase the publishing frequency of its Pakistan shredded steel scrap import index from weekly to twice per week.
Fastmarkets has corrected its price assessments for stainless steel scrap 409 and 430 bundles delivered to mill, Pittsburgh, which were published incorrectly on Monday March 11.
Weak demand in both the UK domestic and export steel scrap markets has created a glut of supply and brought a raft of cheaper offer prices into British steelmakers for monthly delivery settlements in March, trade sources told Fastmarkets in the week ended Tuesday March 12
Fastmarkets advises that, as of Friday March 8, 2024, certain monthly North American ferrous scrap assessments are yet to settle.
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0879 steel scrap H2 Japan origin import, cfr South Korea and MB-STE-0880 steel scrap HMS 1&2 (80:20) deep-sea origin import, cfr South Korea to once a month from the current weekly basis.
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