In the week ending on March 1, 2025, domestic raw steel production was 1,641,000 net tons while the capability utilization rate was 73.7 percent.

The metal calcium market has recently exhibited a volatile pattern, with currently subdued trading activity.

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The counter tariffs will remain in place until the US tariffs are withdrawn and not a moment sooner, said Trudeau.

The U.S. Midwest duty-paid aluminium premium at above 40 US cents a lb or nearly $900 a metric ton is up nearly 60% since the start of 2025 AUPc1.

The US has imposed a 25 per cent tariff on steel and aluminium imports, set to impinge Australian companies from March 12.

Rio Tinto is set to invest $US1.8 billion ($2.8 billion) to develop the Brockman Syncline 1 (BS1) project in the west Pilbara region of Western Australia.

South Asia's imported scrap market remained largely subdued, as Ramadan, fiscal concerns, and liquidity constraints weighed on buying activity across India, Pakistan, and Bangladesh.