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Steel Production In The United States Increases Amid Industrial Recovery And Higher Capacity Utilization
The US steel sector continues to show signs of strengthening. In the week ending March 21, domestic raw steel production reached 1,781,000 net tons, accompanied by a capacity utilization rate of 77.0%. The data highlights a positive dynamic on multiple levels....
Tata Steel Accelerates On Green Steel With Its First Electric Furnace In India
Tata Steel marks a significant turning point in its industrial strategy with the start of operations of its first electric-arc furnace (EAF) facility powered exclusively by scrap, in India. The plant, located in Ludhiana in the state of Punjab, represents a...
Manganese Ore Prices Rise Amid Global Tensions, Freight Costs And Supply Risks
During the week ending March 20, prices of manganese ore destined for China recorded an increase, supported by improving sentiment and rising freight costs linked to tensions in the Middle East. Activity in the seaborne market remained relatively quiet, but the...
Scrap Prices In South Asia Edge Up Amid Tight Supply And Geopolitical Pressure
During the week ending March 20, import prices for scrap in South Asia recorded a slight increase, supported by tight global supply and rising geopolitical tensions in the Middle East. This context contributed to keeping offers at elevated levels, even in the presence...