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. |
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. |
China steel demand sectors facing different outlooks
China's infrastructure sector investment likely grew by 6-9pc in 2023, Chinese securities analysts have forecast. |
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. |
FG and Chinese Firm Collaborate to Breathe New Life into Nigeria's Steel Industry
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The Federal Government of Nigeria has embarked on discussions with Luan Steel Holding Group |
Green steel investment in Riesa
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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. |
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. |
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. |
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