And the UK export market has also been affected by a combination of weaker demand into deep-sea destinations such as Turkey and the Indian subcontinent.

China's crude steel production showed an increase during the January-February period compared to the previous year.

Liberty plans to build an electric arc furnace (EAF) at Whyalla.

The weekly fob Turkey assessment for mesh-quality wire rod fell by $5/t to $605/t.

Iron ore falls on mounting fears of easing Chinese demand

In his speech at the 2nd European Green Steel Summit,Robin Pedroza,Head of Sustainable Transformation at Germany-based Thyssenkrupp Materials Services, stated that as a company operating in Europe

JSW steel plans to launch a new blast furnace at its Dolva steel plant in Maharashtra, India, by 2026, with a capacity of 4.5 million tons per year.

The UK has reduced imports of iron and steel products from Ukraine by 37 per cent in 2023 compared to 2022 to 34.6 thousand tons.