How China’s Q1 growth is altering Q2 steel supply chain expectations

China’s economy growth in the first three months of 2024 was faster than the market expected, according to the official data released by the National Bureau of Statistics (NBS) on Tuesday April 16.

18 April 2024 Alice Li, Jessica Long, Zihuan Pan, Tina Tong, Shu Yi Zheng, Bella Cheng

Indian import aluminium scrap prices rise on LME bull run

Indian import aluminium scrap prices moved up sharply in the week to Wednesday April 17 primarily on the recent increase in London Metal Exchange prices and due to restocking demand from buyers, sources told Fastmarkets.

18 April 2024 Lee Allen, Aameer Sayed

Alumina index pushes up as ex-China demand good

Key data from Fastmarkets’ alumina pricing session on Thursday April 18.

18 April 2024 Laura Roberts

Bangladeshi steelmakers keep scrap purchases low on weak post-Eid demand

Bangladeshi steel mills made limited scrap purchases in the week to Thursday April 18 amid bearish domestic finished steel demand in the country after the Islamic religious festival of Eid al-Fitr, sources told Fastmarkets.

18 April 2024 Aameer Sayed

Lisco signs MoU with Danieli for DRI plant

Libyan Iron and Steel Company (Lisco) signed a Memorandum of Understanding (MoU) with Italian equipment supplier Danieli for direct-reduced iron (DRI) plant on Monday April 15, Lisco said on April 17.

18 April 2024 Serife Durmus

Launch of CIF India aluminium scrap price assessments: pricing notice

Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.

18 April 2024 Lee Allen

Turkish mills keep scrap purchases at a minimum amid limited steel demand

Turkish steel producers were quiet in the deep-sea scrap import markets once again on Thursday April 18 due to weak finished long steel sales, sources told Fastmarkets.

18 April 2024 Cem Turken

Seaborne iron ore prices up further amid increased trading

Seaborne iron ore prices continued to rise on Thursday April 18 amid increased spot trading, sources told Fastmarkets.

18 April 2024 Alice Li

Taiwanese steel mills achieve lower prices for deep-sea scrap despite US seller resistance

Pressure from steel mills led to a decline in the price of deep-sea steel scrap in Taiwan in the week to Thursday April 18, despite significant seller resistance from the US, sources told Fastmarkets.

18 April 2024 Tianran Zhao

Asia coking coal prices fluctuate amid thin spot liquidity

Asian coking coal prices fluctuated slightly on Thursday April 18 amid thin spot liquidity, market sources told Fastmarkets.

18 April 2024 Paul Lim, Bella Cheng