A third of the investments correspond to state copper miner Codelco and national mining company Enami and the rest to the private sector, according to the mining ministry’s latest annual presentation of its program.

Botswana mining sector on the rebound

In the week ending on May 21, 2022, US domestic raw steel production was 1,789,000 net tons while the capability utilization rate was 82.0 percent.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,729,000 net tons (NT) of steel in April 2022.

Electric arc furnace (EAF) steelmaker Nucor has lowered its plate prices for the first time in at least two years.

European steelmaker ArcelorMittal plans to continue to acquire steel scrap recyclers in order to guarantee long-term security of supply.

It was the second consecutive month that US steel production has lagged its prior year period.

Indian domestic hot-rolled coil dropped to 69,000 rupees/t ex-Mumbai on 20 May, down by 5pc from a year earlier, with sluggish demand.