Steel News
China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively, it added.
Some traders are already abandoning imports due to the tightening of restrictions and switching to the domestic market.
It took firefighters about half an hour to control the blaze, while the five injured workers were rushed to the Ban Khai district hospital.
The success of the pilot project is expected to lead to a net-zero emission steelmaking.
The production of crude steel also decreased by a slight 1.0% from the week before.
In the fourth quarter of this year, the corporation bought back almost $250 million worth of its ordinary stock.
It has repurchased almost 2.1 million shares at an average purchase price of $149.81 per share, according to a news statement from the firm.
According to LSEG, rebar prices fell by 2.1% in November, while iron ore prices rose by 3.1% over the same period.
The acquisition deal was initially announced in December 2023 and was expected to be completed in Q3 2024.
Still, reports show that Biden and President-Elect Donald Trump would block the deal for national security reasons.
This threshold limit for defining the categories will be reviewed every three years, a government handout showed.
Steel Dynamics is one among the 14 customers and suppliers who received the honour at the awards ceremony.
The two companies are poised to pursue litigation over the process if Biden decides to block the merger, Bloomberg reported.
The American Iron and Steel Institute (AISI) applauded passage of the Water Resources Bill by the House of Representatives.