Lead hits 1-year high on mine disruption but oversupply looms

LME nickel price trend on December 2nd

The steelmaker has informed some customers that some orders for January production would have to be delayed until February.

The No.4 furnace at Gary has a rated annual capacity of 1.36 million st/year, according to data from the Association for Iron and Steel Technology.

Thyssenkrupp received a non-binding offer from Liberty Steel for its steel unit in October.

US hot-rolled coil (HRC) prices continued their march upwards.

Ferrosilicon Bidding Information in December, 2020 (12/3/2020).

A spokeswoman for US Steel declined to comment Nov. 19 on the potential restart, stating the company does not comment on rumors or speculation.