Steel shipments from US mills fell in August as the market continued to deal with declining prices.

Total US electric power sector electricity output for October-March will edge down by less than one-tenth of one percent to around 1,929bn kWh, EIA projected.

Rio Tinto, BHP, Fortescue and Roy Hill loaded vessels with a combined 17.12mn deadweight tonnes (dwt) of capacity.

Limited overseas scrap demand will continue to weigh on export prices, trade sources said.

HRC lead times in the Midwest fell to 3-4 weeks from 4 weeks.

High water storage levels at hydropower reservoirs have led Brazilian grid operator ONS and chamber of electric energy commercialization CCEE to launch a plan to export power to Argentina and Uruguay.

Total US electric power sector electricity output for October-March will edge down by less than one-tenth of one percent to around 1,929bn kWh, EIA projected.

Europe is also bringing legislation that offers incentives for the use of green hydrogen, he said.