IN CASE YOU MISSED IT: 5 key stories from October 7

Here are five Fastmarkets MB stories you might have missed on Monday October 7 that are worth another look.

Import prices for steel slab in Southeast Asia and East Asia were stable over the past week due to sluggish trading activity amid a week-long holiday in China to mark the country’s 70th anniversary.

Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based miner-trader Glencore, locking in cobalt hydroxide supply for the next five years, the companies announced on October 7.

The European ferro-silicon market was unchanged despite a lower fourth-quarter deal being done in the week ended Friday October 4 because suppliers are waiting for further quarterly deals for delivery up to January before making any decision on their offer prices for prompt shipment.

Kazakh miner Voskhod Chrome will stop chrome ore production from January 2020 due to “unfavorable market conditions,” owner Yildirim Group announced on October 7.

The ferro-tungsten price rose in Europe last week following an increase in inquiries and tightening concentrates supply in China.

What to read next
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Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday September 26, with the strong dollar and demand concerns still weighing on the market
Following market feedback on the discrepancy between machine shop turnings and other ferrous scrap grades in the Houston dealer selling market, Fastmarkets proposes a realignment of the remaining grades in Houston, effective from the October 2022 monthly settlement.
Mixed near-term demand and stagnant prices could place US buyers at an advantage during this year’s steel HRC trading season
Key talking points at Fastmarkets’ International Aluminium conference, held in Barcelona, Spain, on September 12-15
The publication of Fastmarkets’ inferred alumina index for Thursday September 15 was delayed due to a technical error
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