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South Korea has stepped up its efforts to support its steel sector, amid escalating tensions in the Middle East and tariff pressures elsewhere, by including the sector in a $54 billion support package for key industries in the country, Fastmarkets understands.
Recent Middle Eastern tensions and a sharp drop in traffic through the Strait of Hormuz could present a major opportunity for Russian pulp producers.
Military risks continue to increase pressure on Ukraine’s vegetable oil sector in the 2025/26 season, with the most significant losses concentrated in export infrastructure and logistics, while the effect on overall sunflower oil production remains limited due to substantial excess processing capacity, market participants and local analysts at APK-Inform said.
The following prices were affected: MB-STE-0416 Steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, $ per tonne MB-STE-0417 Steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, $ per tonne MB-STE-0894 Steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey, $ per tonne MB-STE-0100 Steel scrap, […]
Front-loading cleared roughly €780 million in CBAM liabilities before the definitive phase began. The pattern is unlikely to be a one-off as free allowances step down toward zero in 2034.
European SAF production costs rose in the week to May 15 as used cooking oil prices climbed to €1,117 per tonne, feedstock spreads diverged sharply across rapeseed and palm oil, and firming poultry meal prices signalled that competition for Europe’s finite pool of waste-based materials is tightening across fuel and food supply chains simultaneously.
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