With robust signs from the realty and construction sectors, the steel market will recover soon, he added.

JFE Steel, Japan's second largest steel producer, is entering the construction and real estate sector by offering environmentally friendly steel products under the JGreeX? brand.

According to data announced by the General Administration of Customs of the People's Republic of China, the export volume of finished steel products in September 2023 was 8 million tons.

But sources at larger mills said they will not move automotive contracts to spot references that "reduce" their negotiating power.

This marks "the beginning of a new era in steel producing," Cleveland-Cliffs CEO Lourenco Goncalves said.

India's JSW Steel wins iron ore block in Karnataka.

The world is changing, US Steel president and CEO Dave Burritt said Thursday (Oct. 12), and perhaps it is no more evident than in the new line that can produce the thinnest gauges, widest widths and biggest coils in the domestic steel market today.

manganese ore and 'other' metallic minerals having made the largest negative contributions