IN CASE YOU MISSED IT: 5 key stories from February 24

Here are five Fastmarkets stories you might have missed on Monday February 24 that are worth another look.

Chinese rebar remained the most competitively priced of imports of the long steel product in Singapore over the past week, edging out Turkish products.

The discount for copper scrap imported into China has fallen in February on a lower commodity price and a negative arbitrage, with the impact of virus-led delivery delays on the overseas scrap price being minimal in the Chinese market.

The market for high-carbon ferro-chrome delivered into Europe strengthened for the fifth consecutive week on Friday February 21 in response to tightening supply and despite the weak stainless-steel sector.

Chinese domestic portside ore prices of both grades moved lower for the second consecutive week after some ore traders slashed their offer prices to facilitate sales in response to persistently weak buying appetite.

Vanadium prices were under pressure in the week to February 21 amid weak consumer demand, despite continued supply disruptions in China following the novel coronavirus (nCoV-19) outbreak.

What to read next
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets
Indonesia is preparing to invest more in its aluminium supply chain as part of its wider critical metals strategy, Fastmarkets understands
Market sentiment remain mixed on whether the investigation will impact aluminium prices and production
Aluminium premiums in all key regions remained well-supported in the week to Tuesday June 18, amid ongoing reports of tight availability, while market participants in Europe and Asia are focusing on ongoing negotiations for Japanese third-quarter supplies
The Kingdom of Saudi Arabia’s (KSA) ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.