Electric arc furnace (EAF) steelmaker Nucor has lowered its plate prices for the first time in at least two years.

In the week ending on May 21, 2022, US domestic raw steel production was 1,789,000 net tons while the capability utilization rate was 82.0 percent.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,729,000 net tons (NT) of steel in April 2022.

It was the second consecutive month that US steel production has lagged its prior year period.

Indian domestic hot-rolled coil dropped to 69,000 rupees/t ex-Mumbai on 20 May, down by 5pc from a year earlier, with sluggish demand.

Chile’s mining industry will have to reduce greenhouse gas emissions to a minimum by 2050 under the climate change bill approved by congress and sent to President Gabriel Boric to be signed into law.

XCMG Construction Machinery, a subsidiary of China's Xuzhou Construction Machinery Group, will supply mining and infrastructure equipment to Brazilian mining giant Vale.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.7 million tonnes (Mt) in April 2022, a 5.1% decrease compared to April 2021.