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

Here are five Fastmarkets MB stories you might have missed on Friday January 24 that are worth another look.

Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.

Copper scrap buyers in the United States are concerned that an increase in US exports to China could pressure discounts in the second half of 2020, leading to a “relatively flat discount” throughout the year.

The price of stainless steel flat products in the European domestic market was unchanged in the past week ahead of an expected, but moderate, rise in monthly surcharges for February, sources told Fastmarkets on January 24.

China’s domestic spot battery-grade lithium carbonate and hydroxide prices were unchanged this week as they have been through January due to thin buying activity, and the market became even quieter in the run-up to the Lunar New Year holidays that started on January 24.

Korea Zinc will stop refining selenium as a byproduct of copper ore now that market levels have made it unprofitable, the company confirmed to Fastmarkets.

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.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.