IN CASE YOU MISSED IT: 5 key stories from September 30

Here are five Fastmarkets MB stories you might have missed on Monday September 30 that are worth another look.

The European Commission has made a number of changes to its existing regime of safeguard measures concerning 26 steel product categories, it said on Thursday September 26. At the same time, the appointment of a European chief trade enforcement officer was welcomed by the steel and aluminium industries, with industry experts noting at a meeting of the European Parliament Committee on International Trade in Brussels that it should help ease trade problems in the sectors and help tackle Chinese excess capacity.

Weak fundamentals in global downstream aluminium-product premiums were a key concern among market participants further up the supply chain, they said during Fastmarkets’ International Aluminium conference in Athens, Greece, on September 23-25.

The Chinese ammonium paratungstate price shot up by 9.7% week on week on September 25 due to improved market sentiment and a tighter upstream concentrate supply.

Global supplies of silico-manganese rose by 21% year on year in August, to 1.63 million tonnes, according to the latest data from the International Manganese Institute.

The benchmark alumina price in the Pacific region has fallen below $290 per tonne for the first time since May 25, 2017.

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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