US steel import permit applications for the month of October totaled 2,298,000 net tons (NT)*.

U.S. imported a total of 2,237,000 net tons (NT) of steel in September 2022.

U.S. imported a total of 2,237,000 net tons (NT) of steel in September 2022.

At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.

Semiconductor shortages, as well as other logistical issues, have roiled automotive production in the US and around the globe since 2021. Lower automotive production rates have subsequently cut demand for steel in the sector.

The problem is that there are more than 13m tons of HRC capacity coming online or planned to come online in the next three years.

“As a nation are very clear and very respectful of our treaties and our agreements,” Hernando said.

The daily trading volume on the LME, inclusive of the liquidity window, totaled 16,930 mt on Nov. 1 and 33,430 mt on Nov 2.