IN CASE YOU MISSED IT: 5 key stories from July 2

Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.

European importers of long steel and hot-rolled coil have claimed that this week’s definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.

Chilean copper miner Antofagasta has agreed to supply major Chinese smelters Tongling Nonferrous and Jiangxi Copper with copper concentrates in the first half of 2021, Fastmarkets understands.

An accident interrupted operations at one of the coking coal mines operated in Poland by Jastrzebska Spólka Weglowa (JSW), the company said on July 2.

Hebei Steel, China’s second-largest steel mill, has finalized its purchase price for July-delivery silico-manganese at 6,500 yuan ($920) per tonne, market participants told Fastmarkets on July 2.

China imported more than double the volume of cobalt metal in May compared with the same period last year due to arbitrage opportunities, according to market sources.

What to read next
Market reactions to the soon-to-be-implemented US copper tariff are driving short-term volatility and supply imbalances while fuelling long-term efforts to expand domestic production, recycling and infrastructure.
US export controls on recycled copper would have unintended consequences that could weaken the country’s domestic recycling and manufacturing ecosystems, the president of the Recycled Materials Association (ReMA) said.
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.
Fastmarkets has corrected its alumina index inferred prices, which were published incorrectly on Tuesday July 15.
The United States' copper recycling industry is ramping up pressure on policymakers to impose some form of export controls on high-purity copper scrap, arguing that current trade dynamics – particularly with China – are distorting prices, weakening domestic capacity and undermining national security goals.
Fastmarkets launched two new price assessments for Indonesia’s domestic trade in nickel ore on Tuesday July 15. The two price assessments are for domestic trades of Indonesian laterite ores with 1.6% and 1.2% nickel content. Indonesia now accounts for 60% of the global nickel supplies and while there is an official government reference price, known […]