Blast furnace capacity utilization among the 247 Chinese steel mills Mysteel canvasses weekly dipped to an average of 93.69% over September 18-24, lower for the sixth week and down by 0.56 percentage point
US hot-rolled coil prices continued to hold their ground around $30 per hundredweight ($600 per ton) amid chatter that another round of mill price hikes could be rolled out late this month or early next.
A surge in Chinese steel production to meet a post-coronavirus infrastructure building boom may have run its course for this year, as steel and iron ore inventories pile up and demand for steel declines.
Prior to his Liberia assignment, Scott Lowe had an extensive experience in mining working in senior management positions at BHP Billiton and as CEO in several publicly listed exploration and development
Even as various restrictions are being looked by government agencies to curb Chinese imports, the neighbouring country has provided big export support to Indian steel industry saving it from the blushes
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