IN CASE YOU MISSED IT: 5 key stories from January 8

Here are five Fastmarkets MB stories you might have missed on Tuesday January 8 that are worth another look.

The penetration of nickel-cobalt-manganese type-811 batteries into the Chinese electric vehicle industry will be quite limited in 2019, market participants have told Fastmarkets.

A new duty on imported copper raw materials in Zambia has already led to consequences, with producers planning to reduce output while some concentrates from the neighboring Democratic Republic of the Congo could be diverted to other markets, including China, Fastmarkets has learned.

India’s Supreme Court has upheld an earlier order to reopen Sterlite Copper’s Tuticorin smelter, which was closed for environmental reasons, parent company Vedanta said on Tuesday January 8.

European long steel buyers were quiet throughout December on uncertainties arising from the United States’ various trade wars, but a European Commission quota proposal in January has offered some hope of more certainty to sellers.

The US ferrous scrap market is clearly a buyer’s market in January, with sellers of steel turnings feeling the biggest sting in a monthly settlement rife with huge corrections.

What to read next
Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in Houston, effective from the September 2022 monthly settlement.
Participants in the US steel market were divided on the impact of a price increase from Nucor’s sheet mill group this week, with some suggesting hot-rolled coil prices could fall further while others were optimistic that announcement could halt - or even reverse — the recent downtrend
Chromite prices rose further in the two weeks to Tuesday May 31 on support from cost pressures and logistical issues in South Africa
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
The European charge and high-carbon ferro-chrome benchmark for the third quarter of 2022 has slumped by 16.7% from the previous quarter’s settlement to $1.80 per lb
Executives at major flat-rolled steel producers in the United States discussed three common themes during their companies’ earnings calls for the second quarter of 2022, sharing views on a potential recession, affects from recent government policy changes and trends in steel raw materials
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