Ross Yeo

Dec 12, 2024 | fastmarkets.com | Julia Bolotova |Lee Allen |Ross Yeo

A crash involving a ship carrying a cargo of scrap on Sunday left serious damage to a lock on the Moselle located in Müden, just south of Koblenz in western Germany. The incident has caused a major blockage for ships traveling the Moselle to reach the Rhine – a vital artery for the shipment of metals such as aluminium and steel in Germany and Europe. Around 70 ships have been stuck along the Moselle on the way to the Rhine, Fastmarkets understands.

Nov 28, 2024 | fastmarkets.com | Norman Fong |Ross Yeo |India-Inés Levy |Marina Shulga

With an estimated $125 trillion of investment required by 2050 to meet net-zero carbon emissions globally and an objective among countries in the Middle East and North Africa (MENA) region to be at the forefront of the green steel transition, the challenges and opportunities of decarbonizing the industry was a prominent theme at the conference. Here are the highlights of what we learned at the event.

Nov 13, 2024 | fastmarkets.com | Ross Yeo

The affected indices were:MB-STE-0874 Steel scrap H2 export, fob main port Japan, ¥/tonneMB-STE-0875 Steel scrap shredded export, fob main port Japan, ¥/tonneMB-STE-0876 Steel scrap Shindachi bara export, fob main port Japan, ¥/tonneMB-STE-0877 Steel scrap heavy scrap (HS) export, fob main port Japan, ¥/tonneThese prices are part of the Fastmarkets scrap package.

Nov 11, 2024 | fastmarkets.com | Ross Yeo

The affected indices 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 part of the Fastmarkets scrap package.

Oct 15, 2024 | fastmarkets.com | Ross Yeo

After a consultation period, Fastmarkets has launched two price assessments for aluminium scrap extrusions, also known as profiles, comprised of 6063 aluminium alloy in two qualities: clean production scrap and post-consumer scrap with maximum impurities of 5% (also known as 95/5). The assessments will capture differentials to the London Metal Exchange aluminium price (i.e. either a premium or discount), as is typical in the market.