IN CASE YOU MISSED IT: 5 key stories from October 21

Here are five Fastmarkets MB stories you might have missed on Monday October 21 that are worth another look.

Brazilian apparent steel consumption was down by 6.4% in September, compared with the corresponding month in 2018, with demand retreating for both domestic and imported materials, national industry association Instituto Aço Brasil said on Thursday October 17.

Estimated global primary aluminium production fell by 3.2% month on month in September 2019, according to figures published by the International Aluminium Institute (IAI) on October 21

Unionised workers at Escondida, the world’s largest copper mine, have threatened strike action, and have called on miners across Chile to ‘paralyze’ the mining industry, after a state of emergency was declared at the weekend.

The global nickel market remained in the deficit in the first eight months of this year, with apparent demand exceeding production by 77,100 tonnes, according to figures released by the World Bureau of Metal Statistics (WBMS) last week.

Softening demand and ample availability caused manganese ore suppliers to cut their offer prices on Friday October 18.

What to read next
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
Fastmarkets proposes to discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.
Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.
A drive by electric vehicle (EV) manufacturers to improve the affordability of their cars may upend an expectation by some market observers that future EV dominance of automotive production will sharply reduce demand for special bar quality (SBQ) steel
The publication of Fastmarkets’ US rebar prices took place earlier than scheduled on Wednesday March 22 due to a reviewer error.
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