In the week ending on May 6, 2023, US domestic raw steel production was 1,712,000 net tons while the capability utilization rate was 76.1 percent.

Indian private-sector producer Tata Steel expects a better year for steel demand on the back of infrastructure and automobile sector growth but said there is "some fragility" in the international markets.

Finished steel production rose by 3.7pc on the year to 9.98mn t, while consumption picked up by 7.2pc to 9.88mn t over the same period.

Tata Steel is considering shutting down its UK operations if the government does not provide adequate funding support for the decarbonisation transition project.

The complex is expected to advance the regional steel industry ecosystem with an estimated annual production capacity of up to 1.5 million tons.

China's major steel companies produced less pollution during the first quarter of 2023, according to data from the China Iron and Steel Association.

The plant will have a designed capacity of 2.5 million tons of direct reduced iron and 1.5 million tons of thick plate annually.

IMPALA Platinum (Implats) said refined platinum group metal (PGM) production would come in at the lower end of its three to 3.15 million ounce forecast for the 2023 financial year ended June 30 largely owing to power interruptions.