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.

Finished Import Market Share YTD at 22%.

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

Stelar Metals completes acquisition of Trident Lithium Project in New South Wales

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

China will roll out more practical, effective measures to expand domestic demand and stoke market vitality, Premier Li told the World Economic Forum in Tianjin. Iron ore, used to make steel, surged by almost 4%.

This because ilmenite, a heavy minerals sands derivative, sells at around $300/t on export markets, whereas using it to manufacture titanium dioxide pigment at the Richard Bay Industrial Development Zone will enable it to fetch a ten-times-higher $3 000/t.

Development of a 68-kilometer route between Ermelo, east of Johannesburg, and Eskom Holdings’s Majuba power station started over a decade ago to replace the continuous flow of trucks delivering coal to the plant. Once completed, the rail line will be cheaper,...