IN CASE YOU MISSED IT: 5 key stories from April 30

Here are five Fastmarkets stories you might have missed on Thursday April 30 that are worth another look.

Indian steel mills are unlikely to cut domestic hot rolled coil prices for sales in May, private mill sources in the country told Fastmarkets this week.

ABN AMRO Bank has filed a claim against China’s largest private copper smelter Dongying Fangyuan, according to a court document seen by Fastmarkets.

Switzerland-based trader-producer Glencore has cut its production guidance for cobalt and ferro-chrome for 2020 in response to expected business interruptions caused by the Covid-19 pandemic.

Minor metal market participants do not expect the Yunnan provincial government incentives for commercial stockpiling of non-ferrous metals to immediately boost indium or germanium prices due to the potentially limited share allocated to minor metals and the weak demand outlook.

Brazilian company Companhia Brasileira de Metalurgia e Mineração (CBMM) will halt its ferro-niobium operations on May 18 for scheduled maintenance, Fastmarkets heard on April 30.

What to read next
The most recent financial results published by base metals mining companies highlight just how inflation is affecting profit margins, with increasing wages, financing costs and input prices all hitting profits, sources told Fastmarkets in the week to Thursday March 28
Century Aluminum is among those selected to start award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminium smelter, the company said on Monday March 25
Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
Aluminium producer and recycler Constellium announced on Tuesday March 12 that the company is moving to test hydrogen utilization at an industrial scale as a power source in its casthouses
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.