In the week ending on October 1, 2022, domestic raw steel production was 1,700,000 net tons while the capability utilization rate was 77.1 percent.

Hot-rolled coil advanced 2.3%, while stainless steel gained 0.3%.

Amid volatility in most commodity markets, iron ore has been relatively stable over the past two months.

The report highlights that, in 2021, shipments from domestic steel mills measured 94.7 million net tons (NT), up 16.9 percent from the previous year.

Toronto-listed Teck Resources said on Thursday that its third-quarter steelmaking coal sales were 5.6-million tonnes, which was within its revised guidance of 5.5-million to 5.9-million tonnes.

In September, the premium remained at $95 per tonne.

US Steel separately repurchased approximately $300 million of outstanding debt last week, the company noted in the same release.

Supply challenges persist to meet rising rare earths demand, reports Davide Ghilotti.