US steelmaker Nucor will build a new galvanizing line at its California rerolling mill.

The steelmaker cited market feedback and improved dynamics in the raw materials and distribution markets.

The electric arc furnace (EAF)-based steelmaker announced the price decrease in a letter to customers on 29 November.

North American steelmakers Nucor and ArcelorMittal Dofasco have joined others in raising sheet prices.

Posco's initiatives are in line with South Korea's hydrogen roadmap as the country aims to establish large-scale domestic and overseas production bases and achieve 7.1pc of clean hydrogen power generation by 2036.

Redwood Material has signed a deal to supply Japanese battery maker Panasonic with high-nickel content cathode materials for the a planned Kansas plant according to Redwood.

Its July-September production fell by 77pc from a year earlier to 30,000t.

US plate maker Nucor kept its plate prices for December flat.