IN CASE YOU MISSED IT: 5 key stories from March 25

Here are five Fastmarkets MB stories you might have missed on Monday March 25 that are worth another look.

A motion to undo United States President Donald Trump’s blanket tariffs on imports of steel and aluminium has been denied, the US Court of International Trade (CIT) said in a ruling dated Monday March 25.

A ramp-up in Chinese zinc production is expected to accelerate in the second quarter of this year. This will be driven by the completion of upgrades at smelting facilities across the country and a surge in treatment charges amid a relatively oversupplied raw materials market, sources told Fastmarkets.

Vale’s Brucutu iron ore mine in Brazil will not resume normal operations as early as intended, the Brazilian miner said on Monday March 25.

China’s copper scrap imports dropped by 63% month on month in February and were half the level recorded in February 2018, Chinese customs data released on March 25 showed.

Fastmarkets AMM hosted its 12th Steel Tube & Pipe Conference in Houston on March 20-21. Our reporters have summarized six key takeaways from the event.

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Fastmarkets will discontinue its consumer buying assessment for steel scrap rail crops 2ft max, delivered mill Chicago, effective July 1 amid a sustained lack of liquidity for that grade in that market.
Fastmarkets has, in line with our annual methodology review process, concluded a consultation that opened on May 4, 2023, inviting feedback on our methodology for our US Midwest ferrous scrap indices.
Fastmarkets is proposing to reinstate one quarterly US titanium price based on market feedback and is reopening a consultation for four other US titanium prices that were discontinued.
Fastmarkets invited feedback from the industry on the pricing methodology for its index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey (MB-STE-0416), and its index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey (MB-STE-0417), via an open consultation process between May 4 and June 5, 2023.
Fastmarkets invited feedback from the industry on the pricing methodology for pig iron import, cfr Gulf of Mexico, US, $/tonne (MB-IRO-0004), via an open consultation process between May 4 and June 5, 2023.
In contrast to the apparent widespread belief that war would lead to a surge in scrap collections in Ukraine, volumes actually fell in 2022 and are likely to fall again in 2023, according to the head of Ukranian commodities think-tank, GMK Center
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