Just becoming a secondary steelmaker will mean the country cannot produce all the requisite grades for its automotive industry, it added.

The volume review could technically be finalised and in place for 1 July, but Griffiths said the timeline is tight.

Australian resources firm BHP will report an impairment of $2.5bn on its Western Australia nickel business.

Structural changes in the hot-rolled coil (HRC) market could see the historical premium for north European material narrow, if not evaporate, compared with Italian in the coming years.

India's ArcelorMittal Nippon Steel (AM/NS) aims to raise its ferrous scrap use to 10pc by 2030 from the current 3-5pc, with it also calling for government policy support to enable the steel sector's decarbonisation.

Glencore Plc-backed Horizonte Minerals Plc is warning that it needs a whole new financing package to restart a nickel project in northern Brazil after a review revealed the mine will cost 87% more than thought.

Zida Gets U.S.$7 Billion Mining Investment Deal.

On February 19th, the APNI released INPI Index.