Some importers also cleared around 5,000-6,000t that could not be cleared into the October quota, and added some extra tonnage.

China's infrastructure sector investment likely grew by 6-9pc in 2023, Chinese securities analysts have forecast.

US Midwest rebar remained steady at $830-840/short ton in November as demand was unchanged. Import prices began moving higher from a price floor of $750-770/st as overseas pricing rises.

The Federal Government of Nigeria has embarked on discussions with Luan Steel Holding Group

Feralpi Group intends to invest over 220 million euros in decarbonization over the next few years to focus on green steel production at its Riesa facility, generating around 900 industrial jobs.

The Baptiste nickel project is located in central British Columbia and is being developed by FPXNickel, a nickel mining company based in Vancouver, Canada.

The venture’s fruition highlights Baowu's commitment to expanding its iron ore operations in strategic locations. The loading and dispatch of the bulk carrier denote the operational readiness and successful commissioning of the Bomi project.

It's essential to note that import permit data reflect tonnages requested in import licenses, potentially differing from actual import volumes. Preliminary estimates for December's actual import volumes will be available later this month.