IN CASE YOU MISSED IT: 5 key stories from May 26

Here are five Fastmarkets stories you might have missed on Tuesday May 26 that are worth another look.

Workers at Tata Steel’s plant at IJmuiden in the Netherlands staged a lightning protest on May 26, but output was unaffected, the company said.

Japanese steel producers which use electric-arc furnaces (EAFs) are being forced into raising their purchasing prices for ferrous scrap feedstock despite there being no upward movement in their steel sales prices, sources in Japan have told Fastmarkets.

The International Copper Study Group (ICSG) has cut its 2020 global mined copper forecast by 950,000 tonnes, equivalent to nearly 4 million tonnes of copper concentrates output, citing the impact of the Covid-19 pandemic.

Several market participants have reported that sentiment has improved in the cobalt market, but the metal’s price continued to edge downward on May 26, showing that this has yet to put the brakes on the slide in spot prices.

South Africa will further ease nationwide restrictions aimed at preventing the spread of Covid-19 from June 1, allowing the vast majority of the economy to return to production, according to a public address by the country’s president on Sunday May 24.

What to read next
Fastmarkets advises that, as of Friday June 9, some regional ferrous scrap prices and markets have not settled for June; Fastmarkets typically settles these markets on or before the 10th of each month.
Fastmarkets proposes to amend the specifications for its weekly payable indicators for black mass in South Korea.
Learn why delayed universal definitions of green steel means pricing green steel remains a challenge
Fastmarkets has launched two new Green Steel prices for the European domestic market, starting Thursday June 8.
Learn more on why advancements in “green steel” considered unachievable in geographical isolation and require the collaboration of all stakeholders in all regions if they are to succeed.
Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.
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