IN CASE YOU MISSED IT: 5 key stories from August 26

Here are five Fastmarkets MB stories you might have missed on Monday August 26 that are worth another look.

China’s hot-rolled coil prices dropped in both the spot and futures markets on August 26, amid escalating trade tensions between that country and the United States.

While the major Chinese stainless steel mills are expected to release their September tender prices for domestic ferro-chrome this week, the majority of market participants expect a price increase in near future tenders, including for September, Fastmarkets understands.

Brazilian aluminium producer Companhia Brasileira de Alumínio (CBA) has signed an agreement to buy Arconic’s operations in Itapissuma, in Brazil’s northeastern state of Pernambuco, for $50 million, CBA announced on August 26.

Glencore AG has provided a $5-million loan facility to First Cobalt Corp to complete work associated with a recommissioning and expansion of its refinery in Canada.

China’s imports of copper scrap totaled 130,000 tonnes in July, down by 39.3% from the same month last year, according to the latest Chinese customs data.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed