IN CASE YOU MISSED IT: 5 key stories from January 13

Here are five Fastmarkets MB stories you might have missed on Monday January 13 that are worth another look.

Sentiment in the global long steel market has become more positive “especially after the announcement that a trade deal between the [United States] and China will be signed,” the International Rebar Producers & Exporters Association (Irepas) said last week.

International auditing and advisory firm EY has stepped in to assist China’s biggest private copper smelter, Dongying Fangyuan, in navigating problems with frozen assets, lawsuits and access to credit, Fastmarkets has learned.

Fastmarkets has relaunched its ores and alloys cuts counter to track widespread production cutbacks amid the current low prices.

The European ferro-vanadium market moved higher in the week to Friday January 10 amid increased spot market activity, with the vanadium pentoxide (V2O5) market price following the uptrend.

Despite uncertainty surrounding downstream demand, the price of cobalt sulfate in China has jumped by more than 12% so far this year, with suppliers either offering the material at aggressively high levels or holding back from sales.

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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