Tokyo Steel Manufacturing Co , Japan's top electric-arc furnace steelmaker, said on Monday said it would keep steel product prices unchanged in September to reflect sluggish demand at home and abroad.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 158.5 million tonnes (Mt) in July 2023, a 6.6% increase compared to July 2022.

Queensland Treasurer Cameron Dick has warned BHP that he may cancel the major miner’s leases in the state unless the company backtracks on its decision to pause new investments.

A technical refresh of the Buena Vista feasibility study has shown that the project could be moved to a 24/7 operating model and could increase its potential output from 450 000 t/y to 800 000 t/y at the same capital outlay.

JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ steelmaking coal business.

Brazil produced 2.8 million mt of crude steel in May, 5.5 percent less than in May 2022, according to the country's steel institute lABr.

Notably, sources estimated that by 2030, 30% of the European steel market will be green (zero or close to zero emissions).

The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “low carbon” is deciding exactly what “low carbon” means.