European steelmaker ArcelorMittal has not bought Polish power producer Tauron Polska Energia's stake in the two firms' joint venture, Tameh Holding, despite claims by the latter, ArcelorMittal told Argus.
US Midwest rebar remained steady at $830-840/short ton in November as demand was unchanged. Import prices began moving higher from a price floor of $750-770/st as overseas pricing rises.
Feralpi Group intends to invest over 220 million euros in decarbonization over the next few years to focus on green steel production at its Riesa facility, generating around 900 industrial jobs.
Initiated in 2019, the global call for Expressions of Interest (EoIs) failed to garner substantial interest from potential buyers, resulting in the annulment of the sale.
It's essential to note that import permit data reflect tonnages requested in import licenses, potentially differing from actual import volumes. Preliminary estimates for December's actual import volumes will be available later this month.
The venture’s fruition highlights Baowu's commitment to expanding its iron ore operations in strategic locations. The loading and dispatch of the bulk carrier denote the operational readiness and successful commissioning of the Bomi project.