IN CASE YOU MISSED IT: 5 key stories from January 7

Here are five Fastmarkets MB stories you might have missed on Tuesday January 7 that are worth another look.

Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider.

Brazilian vehicle output shrank by 3.9% year on year during December 2019, because higher domestic registrations were not enough to offset the continuing tumble in export volumes, local automakers’ association Anfavea said on Tuesday January 7.

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

Chinese imports of ferro-niobium hit a 10-month high in November 2019, registering an increase of 75.4% month on month and 99.1% year on year, according to official but unconfirmed data seen by Fastmarkets.

Japan is expected to divert more of its ferrous scrap export supply to Vietnam and Bangladesh in 2020 due to weaker demand from neighbor South Korea, market sources in Japan told Fastmarkets.

What to read next
Glencore’s Gary Nagle might have spoken too soon when he said that his company wouldn’t be hit by a nickel fraud similar to that seen by its rival, Trafigura
Fastmarkets proposes to amend its steel cut-to-length plate carbon grade, fob mill US assessment to exclude material below 0.375 inches of thickness, which is sold with an added cost by several major mills.
The European Union’s much-anticipated Critical Raw Materials Act, announced on Thursday March 16 by European Commission president Ursula von der Leyen, has set out new lists of the raw materials now formally designated as strategic and critical
The London Metal Exchange is facing lawsuits seeking damages collectively worth more than half a billion dollars for losses that investors allege they suffered as a result of nickel trades being canceled by the exchange last year
The publication of a number of Fastmarkets’ price assessments was delayed on Thursday March 16 for technical reasons.
Continued tightness of class one supply within Europe and increased buying interest amid falling London Metal Exchange nickel prices and fresh liquidity have prompted an increase in premiums within Europe, while US and Chinese premiums remain steady for now
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