Lugano-based steel trader Ivancore is working to rebuild its credit lines and volumes after a number of staff left the company.

This week started off slow after the 4 July holiday fell on a Tuesday last week, with many taking off most if not all of the holiday week.

"The Covid inflation shock is over for PPI," said Ian Shepherdson, chief economist at Pantheon Macro. "The Fed does not need to hike further."

Australian producer Whitehaven Coal expects the federal government's carbon-mitigation safeguard mechanism to cost the firm around A$1/t ($0.68/t) in 2023-24.

EU hot-rolled coil (HRC) imports increased sharply in May, according to Global Trade Tracker data, with all major suppliers lifting cleared volumes.

The tender result slightly exceeded initial expectations, which ranged between ¥49,000-49,500/t fas, but was still in a reasonable range if the buyer needs the volume, a Japanese trader said.

Liberty Steel has won the bidding process for Hungarian steelmaker Dunaferr.

Essential Metals wraps up drilling at Pioneer Dome Lithium Project, WA