Weekly LME scrap futures trading volumes in the week to Aug. 1 fell slightly to 242,150 mt, down from 352,220 mt recorded in the week to July 25.

Steel producer ArcelorMittal South Africa (AMSA), which has been bemoaning weak domestic demand conditions for several years

The market has played a role in encouraging more action from enterprises to reduce emissions, the report showed.

Weekly LME rebar futures trading volumes in the week to July 25 increased to 30,610 mt, up by 27,550 mt from 3,060 mt recorded July 18.

India steel imports likely to hit seven-year high in July.

Vale (NYSE: VALE) expects to start building “mega hubs” to make low-carbon iron ore products for the steel industry in the next six months to a year, the Brazilian miner said on Thursday.

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.4 million tonnes (Mt) in June 2024, a 0.5% increase compared to June 2023.

As of July 15, the cumulative trading volume of carbon allowances in the national carbon market reached 465 million tons.