IN CASE YOU MISSED IT: 5 key stories from May 27

Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.

The annual sitting of the National People’s Congress of the People’s Republic of China and the Chinese People’s Political Consultative Conference - widely known as the ‘twin sessions’ - in Beijing released a series of stimulus packages for the development of China’s economy amid the Covid-19 pandemic.

Turkey has told the World Trade Organization (WTO) that it is planning to impose import duties on certain steel products from the European Union.

Alvance Aluminium Group, GFG alliance’s global aluminium division, named Guillaume de Goÿs its new chief operating officer May 27.

The Antamina copper and zinc mine in Peru has resumed operations following its shutdown due to the Covid-19 pandemic, shareholder Teck Resources said.

China’s imports of manganese ore totaled 2.1 million tonnes in April, marking a drop of 15.97% from approximately 2.50 million tonnes in March, according to the latest official but unconfirmed data seen by Fastmarkets.

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The Inflation Reduction Act in the United States may ironically cause global metal market prices to rise for some metals used in electric vehicles (EVs), Fastmarkets sources said
An alarming drop in water levels in Germany’s Rhine River and other key waterways in Europe has led to massively strained logistics in shipping commodities across Europe, driving up costs and exacerbating material supply, sources told Fastmarkets
Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in Houston, effective from the September 2022 monthly settlement.
Participants in the US steel market were divided on the impact of a price increase from Nucor’s sheet mill group this week, with some suggesting hot-rolled coil prices could fall further while others were optimistic that announcement could halt - or even reverse — the recent downtrend
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
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