Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24.

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.

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.

China's infrastructure sector investment likely grew by 6-9pc in 2023, Chinese securities analysts have forecast.

Some importers also cleared around 5,000-6,000t that could not be cleared into the October quota, and added some extra tonnage.

The Federal Government of Nigeria has embarked on discussions with Luan Steel Holding Group

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.

This legislation, following consultations in late 2023, aims to tackle emissions from select industrial imports entering the UK.