Declan Conway

England

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Articles

Europe steel, aluminium bodies urge EU action on scrap exports

Jan 15, 2025 | fastmarkets.com | Declan Conway

An EU decision to limit steel and aluminium scrap exports will further trouble foreign markets, which are already reeling from the bloc’s decision to implement CBAM (Carbon Border Adjustment Mechanism), they said. CBAM targets imports from countries where steelmaking processes and carbon emissions are not compliant with the EU’s stricter standards.
UK steel scrap suppliers hold prices for April deliveries

Apr 15, 2024 | metalbulletin.com | Declan Conway

Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> British steel scrap suppliers held their offer prices steady to stabilize monthly delivery settlements to domestic consumers for April, with little resistance from steelmakers seemingly content with their current stockpiles, sources told Fastmarkets on Monday April 15. ... April 15, 2024 11:18 GMT Galway...
UK light iron scrap market steady on tight availability

Apr 8, 2024 | metalbulletin.com | Declan Conway

Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> UK light iron 5C steel scrap prices were unchanged for a fourth consecutive week in the week ended Friday April 5, with tight availability supporting the market amid expectations of renewed buying from key importer Turkey in the near term, sources told Fastmarkets. ... April 08, 2024 04:02 GMT Galway...
Interlink signs lease to build new Ti plant in Bahrain

Apr 2, 2024 | metalbulletin.com | Declan Conway

Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> Bahrain Titanium, a subsidiary of Swiss-based metals trader Interlink Metals & Chemicals, has signed a 25-year lease agreement for a 50,000 square meter industrial land plot to develop a titanium multiphase facility with Edamah (Bahrain Real Investment Company), according to Interlink chairman Igor Raykhelson. ... April...
UK light iron scrap market supported on tight availability

Mar 25, 2024 | metalbulletin.com | Declan Conway

Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> UK light iron 5C scrap prices were unchanged during the week to Friday March 22 amid relatively tight domestic availability and steady overseas demand from steel mills in Turkey, sources told Fastmarkets. ... March 25, 2024 12:16 GMT Galway...
Challenges ahead for European scrap metals sector: BIR

Mar 21, 2024 | metalbulletin.com | Declan Conway

The European scrap metals industry is set for limited, if any, growth in the coming months due to a combination of factors, including economic headwinds, tight availability against restricted consumption and high interest rates and energy costs, as well as export troubles due to security issues in the Red Sea, according to the latest market overview from the Bureau of International Recycling (BIR).
Weak demand drives slump in UK steel scrap monthly prices

Mar 12, 2024 | metalbulletin.com | Declan Conway

Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> 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. ... March 12, 2024 15:55 GMT Galway...
Alcoa in home stretch of 5-year portfolio review: CEO | Hotter Commodities

Jan 19, 2024 | fastmarkets.com | Andrea Hotter |Imogen Dudman |Declan Conway |Ruby Liu

Speaking in an interview on Thursday, January 18, William Oplinger said that Alcoa had executed on a sizable portion of the review and was focused on driving operational excellence as well as cutting costs in order to remain competitive. This week, the company announced a cost-cutting objective of $100 million, a move Oplinger noted is designed to refocus Alcoa to a competitive mindset that will significantly improve its overall financial performance but also keep it viable and sustainable.
Delayed publication of Turkey steel scrap import indices

Jan 8, 2024 | fastmarkets.com | Ross Yeo |Holly Chant |Declan Conway |Janie Davies

The affected prices were:MB-STE-0416 Steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey, $/tonneMB-STE-0417 Steel scrap HMS 1&2 (80:20 mix) US origin, cfr Turkey, $/tonneMB-STE-0894 Steel scrap HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey, $/tonneThese prices are a part of the Fastmarkets scrap package.
Delayed publication of manganese ore seaborne prices

Dec 29, 2023 | fastmarkets.com | Holly Chant |Declan Conway |Janie Davies |Ross Yeo

The publication of the affected prices was delayed for 50 minutes. The following indices were published late:MB-MNO-0001 Manganese ore index, 44% Mn, cif Tianjin, $/dmtuMB-MNO-0002 Manganese ore index, 37% Mn, fob Port Elizabeth, $/dmtuMB-MNO-0003 Manganese ore index, 37% Mn, cif Tianjin, $/dmtuThese prices are a part of the Fastmarkets Ores & Alloys Physical Price package.