The No.4 furnace at Gary has a rated annual capacity of 1.36 million st/year, according to data from the Association for Iron and Steel Technology.

The steelmaker has informed some customers that some orders for January production would have to be delayed until February.

Thyssenkrupp received a non-binding offer from Liberty Steel for its steel unit in October.

Australian Vanadium (ASX:AVL) signed a non-binding memorandum of understanding with chemical producer US Vanadium for future vanadium offtake sourced from the miner’s Vanadium project in Western Australia.

The 2101 ferrosilicon contract price on ZCE closed at 6346 yuan per ton on December 2.

The accelerated speed of change is not likely to stop.

China's price of Q235 4.75mm HRC rose further by Yuan 33/tonne ($5/t) on week to Yuan 4,138/t including the 13% VAT as of November 27, or a new high since November 6 2018, data showed.

While policy and decision-makers ostensibly take such measures to reduce the final offer of steel in the domestic market and support end consumers, in essence, such moves have had the opposite effect.