Down 3.2 Percent YTD in 2024 from Same Period in 2023.

The American Iron and Steel Institute (AISI) reported that for the month of May 2024, U.S. steel mills shipped 7,431,201 net tons.

Finished Import Market Share YTD at 23%.

The total trading volume of 2409 contract on the exchange was 110908 lots, with a turnover of about 3809.9161 million yuan.

According to data from the World Steel Association analyzed by SteelRadar, electric arc furnace (EAF) accounted for 28.6% of global steel production.

Global molybdenum production and use falls in Q1 2024

French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.

BMI – a unit of Fitch Solutions – is maintaining its nickel price forecast for 2024 at $18,000/tonne as excess supply continues to drag prices down from 2022 levels, the analytics firm said in its latest market report.