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Steelmaker ArcelorMittal denies bid for power supplier

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.

Monday, January 8, 2024

US construction spending up in November, rebar steady

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.

Monday, January 8, 2024

China steel demand sectors facing different outlooks

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

Monday, January 8, 2024

UK HRC other countries slow quota draw baffles market

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

Monday, January 8, 2024

FG and Chinese Firm Collaborate to Breathe New Life into Nigeria's Steel Industry

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

Monday, January 8, 2024

Green steel investment in Riesa

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.

Monday, January 8, 2024

Baowu Resources: Bomi Project Operational

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.

Thursday, January 4, 2024

USA: December's Steel Import Market Shift

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.

Thursday, January 4, 2024