Base metals prices on the Shanghai Futures Exchange were up across the board at the close of morning trading on Tuesday March 10, with the complex rebounding after a dramatic fall in oil prices and significant losses in global equities on Monday.

Here are five Fastmarkets stories you might have missed on Monday March 9 that are worth another look.

Key data from the March 9 pricing session in London

Domestic prices for hot-rolled coil in Northern Europe have been fairly stable over the past week, with minor fluctuations indicating buyers’ uncertainty about the future direction of price movements.

If global financial markets had been operating under a pervading sense of uncertainty due to the impact of the novel coronavirus (2019-nCoV), they now appear to be veering on panic.

The UG2 chrome ore price fell for the third consecutive week on Friday March 6 after suppliers cut their offer prices sharply amid weak demand, high inventories and a weaker South African rand.

The recent extension of the health quarantine area in the north of Italy will not affect steel production or deliveries, sources told Fastmarkets on Monday March 9.

Market sources have been puzzled by the gradual upward trend in China’s steel prices after the novel coronavirus (2019-nCoV) broke out in a big way after the Lunar New Year holiday.

Import prices for steel slab in Southeast and East Asia declined over the week to March 9 amid growing uncertainty in the steel markets with the continued global spread of the coronavirus (2019-nCoV).

With the exception of that for lead, base metals prices on the Shanghai Futures Exchange fell heavily during the morning trading session on Monday March 9 after investor confidence was hit by the release of poor Chinese trade data over the weekend.