India's domestic steel demand will grow at around 10 percent over the next few years supported by the government's focus on infrastructure, steel ministry secretary Nagendra Nath Sinha said on Friday,May 10.

Adjusted year-to-date production through May 4, 2024 was 30,259,000 net tons, at a capability utilization rate of 76.3 percent.

AISI reported that for the month of March 2024, U.S. steel mills shipped 7,338,349 net tons, a 5.7 percent decrease from the 7,779,430 net tons shipped in March 2023..

AISI reported that the U.S. imported a total of 2,510,000 net tons (NT) of steel in March 2024.

Australia-based exploration and development company Arrow Minerals has identified high-grade iron mineralization at the Simandou North Project (SNIP)and plans to conduct more than 150 drill holes in the area.

“We see infrastructure for instance is still growing strongly in China,” he said, adding that manufacturing is also “performing pretty well in China”.

Liberty said it “is not idling the facility,” and will resume operations when markets recover.

Queensland could also complicate a deal.