Finished Import Market Share YTD at 21%

In the week ending on January 6, 2024, domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 76.9 percent.

For the calendar year ending December 31, 2023 Ramu produced 33,604 tonnes of nickel and 3,072 tonnes of cobalt contained in mixed hydroxide precipitate (“MHP”), exceeding Ramu’s design capacity for a 7th consecutive year.

Woodside Energy and South Korea’s SK E&S Co. Ltd. have signed a non-binding Memorandum of Understanding (MOU) to enable research on potentially developing a lower-carbon hydrogen value chain, including hydrogen, ammonia, and related products.

The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia.

Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24.

European steelmaker ArcelorMittal has not bought Polish power producer Tauron Polska Energia's stake in the two firms' joint venture, Tameh Holding, despite claims by the latter, ArcelorMittal told Argus.

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.