IN CASE YOU MISSED IT: 5 key stories from February 12

Here are five Fastmarkets MB stories you might have missed on Wednesday February 12 that are worth another look.

China may not be the big steady steel rebar buyer that most of us in the market thought it was, the International Rebar Producers & Exporters Association (Irepas) said on February 5 with regards the impact of the novel coronavirus (2019-nCoV).
Major Chinese copper smelter Daye Nonferrous, at the heart of the region affected by the coronavirus outbreak, is managing to continue its copper production activities by destocking the sulfuric acid byproduct at a discount, Fastmarkets has learnt.
Hanwa expects to incur an annual loss of more than ¥6.5 billion ($59 million) on its 20% stake in Samancor amid challenging ferro-chrome market conditions, the Japanese trading house said on February 12.
China’s alumina price is on an upward trend after many alumina refineries reduced production following transportation difficulties since the Wuhan coronavirus outbreak restricted their coal and bauxite supply, several sources told Fastmarkets on Monday February 10.
Chinese battery materials producer GEM will prioritize delivering cargoes to overseas buyers in February amid the large-scale lockdown in Hubei province following the outbreak of the novel coronavirus, a company source told Fastmarkets.

Fastmarkets MB staff


Fastmarkets MB staff

February 13, 2020

00:05 GMT

New York