Minister Bahlil Lahadalia said in a video statement Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with Vale, Ford, Huayou.

Shengtak New Material Co., Ltd: In the first quarter, the sales volume of stainless steel products increased by 53.03% year-on-year.

VSA: Steel demand in Vietnam will grow by 1-2% year on year in 2023

A key steel product with a significant import increase in February compared to January was line pipe (up 35%).

The company also raised its minimum hot rolled coil (HRC) price to $1,300/st.

ArcelorMittal had planned to offset the shortfall in slab from Gijon with Dunkirk material, but may need to alter this plan.

US and imported rebar prices were mostly flat this week.

The American Iron and Steel Institute (AISI) reported that for the month of February 2023, U.S. steel mills shipped 6,917,842 net tons.