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

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

German steelmaker Thyssenkrupp has announced that it will go ahead with a restructuring plan that will eliminate 3,000 jobs after reaching an agreement with the workers’ trade union, it said on March 25.

Falling demand, exacerbated by the novel coronavirus outbreak (2010-nCoV) further causing market uncertainty, means market participants expect negotiations for second-quarter aluminium ingot supply to Japan to continue for longer than usual.

Europe’s third largest lead smelter Recylex will stop all lead production due to weak demand, the company said in an exchange release after market trading on March 25.

Chinese chrome ore buyers have expressed concern at the possibility of supply tightness emerging in the coming months following news that South African mines and furnaces will shut amid a nationwide lockdown later this week.

The Ministry of Transport & Communication in Zambia has recommended the all cross-border cargo shipments be suspended to curb the spread of the novel coronavirus (2019-nCoV), according to a letter seen by Fastmarkets.

What to read next
Chromite prices rose further in the two weeks to Tuesday May 31 on support from cost pressures and logistical issues in South Africa
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
The European charge and high-carbon ferro-chrome benchmark for the third quarter of 2022 has slumped by 16.7% from the previous quarter’s settlement to $1.80 per lb
Executives at major flat-rolled steel producers in the United States discussed three common themes during their companies’ earnings calls for the second quarter of 2022, sharing views on a potential recession, affects from recent government policy changes and trends in steel raw materials
Following a consultation period and market feedback, Fastmarkets will switch its Houston ferrous scrap price series to a consumer buying assessment on January 1, 2023, from its current methodology as a dealer selling assessment.
Austrian aluminium producer AMAG and German automotive manufacturer Audi have developed a recycled aluminium material for vehicle wheels to be put into series production, it was announced on Wednesday, August 3.
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