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The launch of this price assessment is to meet market demand for price transparency amid the introduction of new trade barriers and obstacles, namely China’s introduction of export controls on bismuth metal in February, and the subsequent decoupling of bismuth metal and bismuth oxide prices. The specifications are as follows: MB-BI-0003 Bismuth oxide, cif Rotterdam, $/lbQuality: […]
The London Metal Exchange has been fined $12 million by the Financial Conduct Authority (FCA) for its role in the rollercoaster nickel market saga three years ago
Why vacillating tariff decisions will lead to price surges, but the fundamentals will prevail in the US steel market
Fastmarkets has corrected its MB-IRO-0188 – Iron ore 67.5% Fe pellet feed cfr Qingdao and MB-IRO-0013 – Iron ore 65% Fe concentrate cfr Qingdao indices, which were published incorrectly on Wednesday March 19 due to a technical calculation error.
The adjustment, which follows a consultation which ended on Tuesday March 18, will enable Fastmarkets to track a broader range of data by incorporating major ports, including Hay Point Coal Terminal, Abbot Point Coal Terminal, Gladstone Port and Port Kembla, alongside the current Dalrymple Bay Coal Terminal. To ensure consistency of the assessments, normalization of ports […]
French shipping giant CMA CGM Group’s plan to invest $20 billion in maritime transportation, logistics and supply chains in the US over the next four years signals the start of a turnaround for US shipbuilding and will increase demand for steel plate by as much as an estimated $2 billion over the term of the investment, according to market participants.
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