Business confidence can only increase if energy supplies improve and hostilities cease

Average daily volumes at the London Metal Exchange (LME), the world’s largest and oldest metals forum, gained 18% to 664,698 lots in 2024 with nickel volumes surging by 59%, the exchange said on Tuesday.

The Brazilian miner,Vale, and the Sweden metallurgic technology company, Greenlron, have signed a Memorandum of Understanding (MoU) to collaborate on key initiatives in Brazil and Sweden for the decarbonization of the mining and metals supply chain.

The U.S. imported a total of 2,067,000 net tons (NT) of steel in November 2024.

Sources close to the matter said on Saturday that Nippon Steel is planning to file a lawsuit in response to Biden's decision, Kyodo News reported.

Down 4.0 Percent YTD in 2024 from Same Period in 2023.

AISI: US Weekly Raw Steel Production in the week ending on January 4, 2025.

The case was filed in the U.S. Court of Appeals for the District of Columbia Circuit.