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

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

The China Council for the Promotion of International Trade (CCPIT) has issued 1,615 force majeure certificates to businesses in China affected by the novel coronavirus (2019-nCOV) outbreak.

The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domestic demand amid concerns that the spread of the novel coronavirus (2019-nCoV) in Italy could hamper production in the region, leaving a tight market with inadequate supply.

Global ferrous scrap prices edged up (apart from in Turkey) in the week to February 28, mainly due to a rise in freight rates, with many market participants reporting weak trading activity.

Cesco Santiago, one of the biggest annual events for the copper industry, has been canceled, organizers confirmed to Fastmarkets.

Ferro-vanadium prices were under pressure over the latest assessment period amid weak consumer demand both in China and Europe, while the European vanadium pentoxide price edged up in Europe amid tight prompt availability.

What to read next
Conversations and panel discussions at the Institute of Scrap Recycling Industries Roundtables in Chicago on September 14-16 largely centered around market uncertainty and navigating complex geopolitical landscapes during a time of energy transition and low domestic demand
Eagle Metals Inc is looking to diversify its copper and stainless steel supply chains in the face of soaring energy costs and rising demand, which could create supply deficits, according to the specialty reroll mill’s top executive
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday September 26, with the strong dollar and demand concerns still weighing on the market
Following market feedback on the discrepancy between machine shop turnings and other ferrous scrap grades in the Houston dealer selling market, Fastmarkets proposes a realignment of the remaining grades in Houston, effective from the October 2022 monthly settlement.
Mixed near-term demand and stagnant prices could place US buyers at an advantage during this year’s steel HRC trading season
Key talking points at Fastmarkets’ International Aluminium conference, held in Barcelona, Spain, on September 12-15
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