IN CASE YOU MISSED IT: 5 key stories from September 25

Here are five Fastmarkets MB stories you might have missed on Wednesday September 25 that are worth another look.

Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year on year although mounting political uncertainties such as trade wars and the UK’s intended exit from the EU may soften this growth, according to steelmaker Celsa.

Despite concerns of low prices and poor demand, the aluminium market still has growth potential due to the automotive industry, McKinsey & Company’s Benedikt Zeumer said at Fastmarkets’ International Aluminium Conference held in Athens, Greece.

The Shanghai copper cathode premium moved higher in the week to Tuesday September 24, with continued opportunities in the London-Shanghai arbitrage prompting increased market interest, while flat demand caps premiums in Europe and the United States.

Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.

The lingering electricity restrictions in Inner Mongolia in China, which disrupted domestic silico-manganese production, failed to provide any support to the alloy price but dampened local alloy smelters’ manganese-ore purchasing appetite, market sources told Fastmarkets.

What to read next
Eagle Metals Inc is looking to diversify its copper and stainless steel supply chains in the face of soaring energy costs and rising demand, which could create supply deficits, according to the specialty reroll mill’s top executive
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.
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
Fastmarkets is proposing a comprehensive update of its nickel scrap prices to bring them in line with its global price reporting agency standards.
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