“Outages are going to be a blip on my radar because they’re planned. Eight planned outages are better than one unplanned [outage],” another distributor said.

Buyside contacts expressed concerns about increased import costs after the yuan devalued sharply against the dollar.

The agreement comes against a complicated auto and green steel backdrop.

Baosteel is looking to start up a hydrogen/natural-gas based DRI plant at its Zhanjiang facility in southern China.

But some steel industry observers think concerns might be overblown.

Antaq, the sea transportation authority in Brazil, has granted authorization for the construction of an iron ore sea terminal in ltaguai, in the southeastern state of Rio de Janeiro.

Eskom has announced slightly reduced load-shedding will be implemented from noon on Monday, 18 September 2023, due to an improvement in generation capacity and performance.

Below is the brief near-term outlook for five key steel products Mysteel shares on a weekly basis, drawing upon the results of related surveys and communication with Chinese market participants.