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

The Ministry of Energy and Mineral Resources (ESDM) said that the target for the obligation to supply coal for domestic use or Domestic Market Obligation (DMO) in 2024 is larger than last year.

AISI: US Steel Shipments Unchanged In 2023.

Spot electricity prices in the day-ahead market at the Indian Energy Exchange (IEX) fell by 8%.

AISI: US Raw Steel Production in the week ending on February 10, 2024.

“My understanding is steel consumers, steel customers are much happier with Nippon as the buyer,” Wolfe Research analyst Timna Tanners said at the Tampa Steel Conference.

He wouldn’t say if he’d make another offer for US Steel if the Nippon deal collapsed.

Full-year 2023 net earnings was $895 million, or $3.56 per diluted share, and adjusted net earnings was $1,195 million, or $4.73 per diluted share.