Fan Tiejun, the head of the China Metallurgical Industry Planning and Research Institute, said there was an increasing need for some steel products.

:With local electricity grid constraints becoming more prevalent and given the global emphasis on decarbonisation, the ongoing energy transition, as well as loadshedding, is expected to present both opportunities and risks for the South African steel industry,...

Quench and tempered and normalized plate pricing both stayed flat at $2,385/st and $1,730/st, respectively.

Integrated steelmaker Cliffs and electric arc furnace (EAF) competitor Nucor were both said to be offering at $750/st.

The company and Indonesian energy and mineral resources ministry could not be reached for comment.

The American Iron and Steel Institute(AISI) reported that for the month of August 2023, US steel mills shipped 7,663,767 net tons, unchanged from the 7,675,344 net tons shipped in August 2022.

the US steel import market share in August 2023 was estimated at 21 percent, compared to 21 percent in July and 22 percent year-to-date.

Steel producers globally are attempting to slash the climate impact of an industry that accounts for about 8% of energy sector emissions