October is the strongest volume month for the CME Group's North European hot-rolled coil (HRC) contract since February of this year.

"Prices could test levels not seen since the early stages of the [Covid-19] pandemic," a German trading company said.

Electric arc furnace (EAF) steelmaker Nucor is dropping its discrete plate prices by $140/short ton (st).

Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.

China will play an even more critical role for us in developing the renewable technology in solar and wind and getting that cost down

Domestic steel consumption grew strongly in the first half of the financial year in a clear signal that Indian manufacturing continues on a robust growth path despite global headwinds.

It attributed its optimism to growth-stabilizing policies and rising demand from fields like new energy vehicles and solar energy.

"It is now clear that the Chinese government aims to, and is giving every indication that it will, maintain the target GDP and set GDP per capita," he said.