IN CASE YOU MISSED IT: 5 key stories from September 23

Here are five Fastmarkets MB stories from Monday September 23 that are worth another look.

China has announced a fourth round of copper scrap import quotas to allow an extra 31,658 tonnes of copper scrap into the country by the end of 2019, the environmental ministry said on September 23.

Faced with high and increasing emissions costs during a period of challenging market conditions, the steel industry is driving a change toward carbon neutral and fossil-fuel-free steel production in a bid to evolve and stay afloat.

The market for low carbon ferro-chrome (0.10% C) in Europe rose on Friday September 20, indicating that prices had bottomed-out at a historic low level, with demand remaining subdued.

The federal court in Belém, Brazil, has lifted one of the embargoes on Alunorte’s new bauxite residue deposit area, producer Norsk Hydro announced on September 20.

Chinese ferro-silicon smelters held their offer prices, which earlier this month hit a 27-month low, last week in expectation of renewed demand from consumers in the steel sector ahead of a national holiday next week, while in Europe steelmakers seemed in no rush to replenish their ferro-alloys feedstocks.

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Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
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