Fortescue, one of the world's largest iron ore miners, has signed a Memorandum of Understanding (MoU) with China Baowu Steel Group Corporation to work together on reducing emissions associated with iron and steel making.

Most of the capital goods monitored by China's statistical authorities registered higher prices in mid-June compared with early June, official data showed.

Finished Import Market Share YTD at 22%.

In the week ending on June 24, 2023, US domestic raw steel production was 1,758,000 net tons while the capability utilization rate was 78.1 percent.

Down 5.0 Percent YTD in 2023 from Same Period in 2022.

The United States has experienced a striking surge in construction spending for manufacturing facilities.

Prices of construction steel have dropped by VND200,000 (US$8.50) per ton, the 10th decline in a row, to VND14.5 million, the lowest rate in the last two months.

Sentiment in the German export industry has deteriorated noticeably in June, a survey by the Ifo Institute showed on Tuesday.