IN CASE YOU MISSED IT: 5 key stories from October 4

Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.

Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.

It has been a hectic couple of years for LME chief executive officer Matthew Chamberlain, his teams and members while the exchange works through the comprehensive list of plans and actions in its Strategic Pathway.

Chinese spot copper premiums hit 10-month highs in September, but market participants doubt the uptrend can last and expect a drop in the annual benchmark premium for 2020.

Low refined nickel stocks and a looming ban on exports of nickel ore from Indonesia are two factors creating a bullish nickel market, according to participants at the seventh Asian Nickel Conference held in Jakarta in mid-September.

Canadian mining company Strongbow’s investment in the South Crofty tin mine in Cornwall – an internationally famous tin mine in the south-west of England, with a long heritage – is for the long term, reports Hassan Butt.

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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