The Federal Antimonopoly Agency of the Russian Federation has proposed to investigate billet and rebar and impose export duties to ease the sharp rise in local prices over the past month.
In the week ending on December 19, 2020, US domestic raw steel production was 1,619,000 net tons while the capability utilization rate was 73.2 percent.
Forecast of Ministry of Economy and Industry (Meti) of Japan, Japan's crude steel production is expected to be 82.5 million tons in the fiscal year from April 2020 to March 2021, down 16% from a year earlier, the 52-year low since fiscal year 1968/69.
National City Bank of New York said,despite the surge in New Crown virus infections in Europe, steel prices and product delivery times mean that steel production in Europe should continue to rise throughout the winter, and production is expected to continue t...