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Fastmarkets has corrected its weekly manganese ore 37% Mn fob Port Elizabeth index, which was published incorrectly on Friday August 21 due to a reporter error.
Following a consultation period, Fastmarkets will change the minimum tonnage of its weekly price assessments for steel hot-rolled coil for export, fob main port Turkey, to a minimum of 2,000 tonnes (with no set maximum), from the current 500-1,000 tonnes, with effect from Monday August 24.
Crude steel production in Germany was down by 24.70% year on year in July due to capacity being cut to balance the drop in demand caused by the Covid-19 pandemic, German steel federation WV Stahl said on Monday August 24.
Three-month base metals prices on the London Metal Exchange were up during morning trading on Monday August 24, with market optimism over a Covid-19 vaccine rising after US regulators approved the use of convalescent blood plasma as a treatment option, while continued weakness in the US dollar index also provided support.
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