IN CASE YOU MISSED IT: 5 key stories from July 14

Here are five Fastmarkets stories you might have missed on Tuesday July 14 that are worth another look.

Sims Metal Management, the world’s top metal and electronics recycler, is to lay off up to one-fifth of its UK workforce, Fastmarkets understands.

Commercial vehicles led China’s annual automotive output and sales in June, the China Association of Automobile Manufacturers (CAAM) said on July 10, especially those related to the construction industry.

Workers at Antofagasta’s Zaldivar and Centinela copper mines in Chile have successively voted to take industrial action after the negotiations for labor contract renewals failed, Fastmarkets understands.

Afarak’s South African Mogale Alloys processing plant has brought forward and extended the duration of its annual winter maintenance process, it said on July 13 and then confirmed to Fastmarkets.

Bulk alloys markets in Europe and India look set to trade under persistent pressure from a lack of demand in the near term, with weekly price falls raising the prospect of production cuts, according to industry sources.

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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