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Global Steel Scrap: Turkey Slows, Asia Divided And India Supports Purchases
The international ferrous scrap market closed the week ended Friday, August 21, with divergent dynamics among the main importing and consuming regions. In Turkey, steel mills slowed purchases after a series of bookings concluded in previous days. In Asia, Vietnam and...
Tata Steel Begins Certified Production Of Octagonal Billets From Scrap In India
Tata Steel Ludhiana has become the first Indian steel mill to obtain a Bureau of Indian Standards license for the production of octagonal billets, marking the start of certified domestic production of a type of steel semi-finished product primarily intended for the...
Pig Iron: Ukrainian Plant Outages Support Brazil, But The US Market Remains Cautious
Prices for Brazilian pig iron destined for the United States recorded a modest increase following attacks that interrupted operations at two major Ukrainian producers. The risk of reduced international availability strengthened sellers’ expectations, but inventories...
US Steel: Production Increasing And Plant Utilization Back At 80%
The US steel industry consolidated its production recovery in the week ended Saturday, August 22, recording the second consecutive increase in crude steel production and bringing the plant utilization rate back to 80%, a level that had not been reached since the...