Japan produces around 1mn permanent magnet synchronous motors for vehicles each year, according to trade ministry data.

A year ago the spread was $1,058/st as HRC prices were plunging from record-high levels.

Africa can produce 50Mt/y of green hydrogen at less than €2/kg by 2035, report shows

BHP and Oz Minerals agree on takeover deal

Finished Import Market Share YTD at 24%

In the week ending on December 31, 2022, US domestic raw steel production was 1,602,000 net tons while the capability utilization rate was 71.8 percent.

Finished Import Market Share Estimated at 23 Percent in December.

In November alone, production of finished steel reached over 1.82 million tonnes.