Australian resources firm BHP and Japanese trading house Mitsubishi plan to sell the 12mn t/yr Blackwater and 2.5mn t/yr Daunia mines from their BHP Mitsubishi Alliance (BMA) joint venture in Queensland.

In the week ending on February 18, 2023, domestic raw steel production was 1,654,000 net tons while the capability utilization rate was 74.0 percent.

Integrated steelmaker US Steel today has joined two of its competitors with increasing its flat steel prices by $100/short ton (st).

US steelmaker Nucor has raised its flat rolled steel prices by $100/short ton (st) and set a minimum target price of $1,000/st for hot rolled coil (HRC) products.

US steelmaker Nucor kept its plate prices flat last week in its latest price announcement for the products.

A comparison of shipments for the full year 2022 to full year 2021 shows the following changes: corrosion-resistant sheet and strip down 8 percent, hot rolled sheet down 10 percent and cold rolled sheet down 15 percent.

The Argus weekly domestic US HRC Midwest and southern assessments both rose by $50/st to $900/st on Tuesday.

India remained a net importer of steel for the fourth consecutive month in January, with exports climbing to a seven-month high on increasing international demand.