The Argus weekly domestic US HRC Midwest and southern assessments both rose by $50/st to $900/st on Tuesday.

In the week ending on February 18, 2023, domestic raw steel production was 1,654,000 net tons while the capability utilization rate was 74.0 percent.

India remained a net importer of steel for the fourth consecutive month in January, with exports climbing to a seven-month high on increasing international demand.

North China's Hebei province saw its foreign trade grow 3.9 percent year-on-year to 562.9 billion yuan ($82.61 billion) in 2022, according to local customs.

Australian resources firm BHP and Japanese trading house Mitsubishi plan to sell the 12mn t/yr Blackwater and 2.5mn t/yr Daunia mines from their BHP Mitsubishi Alliance (BMA) joint venture in Queensland.

In Gansu's Wuwei city, a 500,000 mu (33,333 hectares) photovoltaic power base is under construction, with a total installed capacity of 15 million kilowatts.

US steelmaker Nucor has raised its flat rolled steel prices by $100/short ton (st) and set a minimum target price of $1,000/st for hot rolled coil (HRC) products.

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,186,000 net tons (NT) of steel in December 2022.