In the week ending on January 6, 2024, domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 76.9 percent.

For the calendar year ending December 31, 2023 Ramu produced 33,604 tonnes of nickel and 3,072 tonnes of cobalt contained in mixed hydroxide precipitate (“MHP”), exceeding Ramu’s design capacity for a 7th consecutive year.

The world stainless association has released figures for the first nine months of 2023 showing that stainless steel melt shop production increased by 2.5% year–on–year to 42.6 million metric tons.

Nickel trended down in 2023 as lower demand and higher supply created price pressure. Here's a look at the main trends that impacted the market over the course of the year.

Nickel trended down in 2023 as lower demand and higher supply created price pressure. Here's a look at the main trends that impacted the market over the course of the year.

Iron ore pellet production is likely to reach an all-time high in FY24 supported by strong domestic demand and pick up in exports.

The number of warehouse receipts was 14328 (71640 tons), and 294 (1470 tons) were valid for the number of warehouse orders.

Woodside Energy and South Korea’s SK E&S Co. Ltd. have signed a non-binding Memorandum of Understanding (MOU) to enable research on potentially developing a lower-carbon hydrogen value chain, including hydrogen, ammonia, and related products.