IN CASE YOU MISSED IT: 5 key stories from July 16

Here are five Fastmarkets stories you might have missed on Thursday July 16 that are worth another look.

The United States Federal Circuit on Wednesday July 15 decided to reverse the US Department of Commerce’s decision to collapse three Taiwanese steelmakers to calculate a combined anti-dumping margin for certain corrosion-resistant steel products (CORE), according to public documents.

Russian multi-metal miner Nornickel’s newly-established environmental working group has begun work to tackle the significant fallout from a series of recent ecological disasters, the company said on July 16.

China’s domestic stainless steel prices continued to rise over the past week on low inventory levels and high production costs. Meanwhile, export prices were flat amid sparse trading.

Car and motorcycle maker BMW Group has signed a €2 billion ($2.28 billion) contract with Swedish battery maker Northvolt to secure a stable supply of battery cells for its fleet of electric vehicles (EVs), the German company said on July 16.

The United States’ imports of steelmaking raw materials increased by 16.1% sequentially in May after slipping in April, with an uptick in flows of pig iron offsetting declines in those of ferrous scrap and direct-reduced iron (DRI), according to the latest US Census Bureau figures.

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.