IN CASE YOU MISSED IT: 5 key stories from October 9

Here are five Fastmarkets MB stories you might have missed on Wednesday October 9 that are worth another look.

China, the world’s biggest steelmaker, is considering importing hot-rolled coil on possible arbitrage opportunities with Russia and Iran, Fastmarkets understands.

The alumina index on a fob Australia basis fell by 3.4% week on week, moving below $280 per tonne for the first time since May 2017.

A blockade that had restricted production and exports of lead and zinc concentrates from Newmont Goldcorp’s Peñasquito mine in Mexico has been removed, the company said on Wednesday October 9.

The ferro-tungsten price in Europe has increased further due to tight spot supply.

Turkish steel producers resumed booking deep-sea ferrous scrap for November shipment after a short break, sources said on October 9, although prices have now increased compared with previous bookings due to a lack of supply.

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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