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Steelmakers’ association UK Steel has called on the UK government to continue ongoing conversations to achieve parity in electricity costs between domestic steelmakers and their European Union counterparts, introduce a carbon border adjustment mechanism and support the industry’s decarbonization by buying low-carbon emissions steel, the association’s director general said July 12. Speaking following the launch […]

Asian seaborne scrap prices are expected to remain under downward pressure in the third quarter after retreating through Q2 from the multi-year highs reached in the wake of Russia’s invasion of Ukraine in late February. Despite the bearish outlook stemming from weak steel demand expectations, market participants said a pickup in China’s steel demand and

Private equity funds are emerging as a major financing source for new critical minerals projects, with traditional bank financiers taking a lesser role as risk perception grows, members of the UK’s Critical Minerals Association said at an event in London, UK, in the week ended July 8. Traders, streamers, off-takers and end-users who are anxious

Argentinian state-owned energy company Enarsa said July 8 it received bids from five groups to build the first stage of a pipeline considered vital for boosting natural gas production in the Vaca Muerta shale play to meet domestic demand, reduce imports and eventually export supplies globally. The bids came in from the local construction companies

The European Commission announced July 8 it will impose definitive anti-dumping duties of between 14% and 25% on imports of aluminium flat-rolled products (FRPs) originating in China, effective July 12. The duties are expected to be in force until October 2026, industry sources said. The EC has decided not to prolong further a previously announced

Kaiser Aluminum has declared force majeure at its Warrick aluminum can sheet rolling mill in Indiana due to the limited availability of magnesium needed as a primary alloy in its products. “The company is in the process of assessing the financial and operational impact of recent events that led to its declaration of force majeure

Weekly scrap futures trading volumes on the London Metal Exchange rose sharply on week in the week to July 8, as the physical price volatility attracted activity in the futures market. Scrap futures volumes over the week to July 7 totaled 189,370 mt, up from 107,450 mt for the week ending June 30, and reaching

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal , copper , alumina, and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts, to

Executives from four major beer suppliers in the US have sent a letter to President Joe Biden asking for an end to the 10% aluminum tariff on imports from many metal-producing countries, arguing that the tariff has cost the domestic beer industry billions of dollars since 2018, the Beer Institute said July 5. “The beer

Platts, part of S&P Global Commodity Insights, assessed the third-quarter premium for imported primary aluminum at $148/mt above London Metal Exchange cash, CIF main Japanese ports, on July 5, down 14% from $172/mt in the second quarter as market fundamentals remained weak in Japan. It marked the third consecutive decrease in Japanese quarterly premiums, reflecting