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
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
Fastmarkets proposes to discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.
Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.
A drive by electric vehicle (EV) manufacturers to improve the affordability of their cars may upend an expectation by some market observers that future EV dominance of automotive production will sharply reduce demand for special bar quality (SBQ) steel
The publication of Fastmarkets’ US rebar prices took place earlier than scheduled on Wednesday March 22 due to a reviewer error.
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