The Minerals Council of Australia (MCA) has welcomed a call by the Joint Standing Committee on Trade and Investment Growth for the need to diversify Australia’s trade base to reduce reliance on any one market.

Innovation and application of new technology will be vital to unlocking resource exploration potential, diversified miner BHP said this week.

The American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,422,000 net tons (NT) of steel in January 2021.

For the month of January 2021, U.S. steel mills shipped 7,420,816 net tons which is a 5.3 percent increase from the 7,049,785 net tons shipped in the previous month.

Finished steel imports with large increases in February permits vs. the January preliminary imports include tin plate (up 213%), sheets and strip electrolytic galvanized (up 151%).

The American Iron and Steel Institute (AISI) has published five cold-formed steel test standards.

According to the data provided by Turkish Institute of Statistics, in January this year, Turkey's total exports of hot rolled coil (HRC) decreased by 50.9% compared with December last year to 109640 tons, a year-on-year decrease of 59.1%.

European steel producers using electric arc furnaces (EAF) may invest higher costs in their production lines due to recent conflicts between Chinese synthetic graphite electrode exporters and European manufacturers.