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.

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.

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.

Traders associations, regulators and other market representatives have responded to the European Commission's consultation proposed power market reform.

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

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

North China's Hebei province saw its foreign trade grow 3.9 percent year-on-year to 562.9 billion yuan ($82.61 billion) in 2022, according to local customs.

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