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Steel & Metal
- United States -

US Raw Steel Production Down 1.5 Percent Week-on-Week

US domestic raw steel production for the week ending July 6, 2024, was 1.695 million net tons, with a capacity utilization rate of 76.3 percent. This represents a 1.5 percent decrease from the previous week, when production was 1.721 million net tons and the capacity utilization rate was 77.5 percent.

Compared to the same period last year, production was down 0.1 percent from 1.696 million net tons with a capacity utilization rate of 74.7 percent. Adjusted year-to-date production through July 6, 2024, was 45.569 million net tons, at a capacity utilization rate of 76.4 percent, which is down 2.7 percent from the 46.813 million net tons during the same period last year, when the capacity utilization rate was 77.7 percent.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices