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China's 2025 Steel Demand to Fall 1.5% on Year, State Research Institute Says

China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively, it added.

ArcelorMittal Raises Prices for Hot-Rolled Steel in Europe to €630/t

Some traders are already abandoning imports due to the tightening of restrictions and switching to the domestic market.

Explosion at Rayong Steel Factory Kills One, Injures 5 Workers

It took firefighters about half an hour to control the blaze, while the five injured workers were rushed to the Ban Khai district hospital.

BlueScope Steel Join Forces with Rio Tinto, BHP to Build ‘Green Iron’ Plant

The success of the pilot project is expected to lead to a net-zero emission steelmaking.

AISI: U.S. Weekly Raw Steel Output Recorded Decline

The production of crude steel also decreased by a slight 1.0% from the week before.

SDI Foresees Notable Decline in Profitability from Steel Operations

In the fourth quarter of this year, the corporation bought back almost $250 million worth of its ordinary stock.

Nucor Anticipates Significant Earnings Dip in Q4 2024

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.

China Reduced Steel Production by 4.3% m/m in November

According to LSEG, rebar prices fell by 2.1% in November, while iron ore prices rose by 3.1% over the same period.

U.S. Foreign Investment Panel Split on Nippon Steel's U.S. Steel Acquisition

The acquisition deal was initially announced in December 2023 and was expected to be completed in Q3 2024.

Nippon Steel Executives Visit Gary Workers Amid Concerns over Pending US Steel Sale

Still, reports show that Biden and President-Elect Donald Trump would block the deal for national security reasons.

India Announces Formula for Classifying Green Steel

This threshold limit for defining the categories will be reviewed every three years, a government handout showed.

Steel Dynamics Won Top Recognition for Energy Efficiency

Steel Dynamics is one among the 14 customers and suppliers who received the honour at the awards ceremony.

Biden to Kill Nippon Steel’s $15B Takeover of US Steel on National Security Grounds: Report

The two companies are poised to pursue litigation over the process if Biden decides to block the merger, Bloomberg reported.

AISI Applauded House Passage of Water Resources Bill

The American Iron and Steel Institute (AISI) applauded passage of the Water Resources Bill by the House of Representatives.

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Metal Prices

Base Metals
Alumina 98.5% min	734.26$US/MT
Aluminum Alloy A356	3204.9045$US/MT
Minor Metals
Ammonium heptamolybdate 54% min	30839.00$US/MT
Ammonium metavanadate 98% min	9673.54$US/MT
High Purity Metals
Aluminum ingot purity 9999900	41900.00EUR/Kg
Aluminum oxide purity 9900000	12100.00EUR/Kg
Rare Earth
Cerium carbonates TREO 45% min, CeO2 / REO 100%	852.80$US/MT
Cerium Metal 99% min	3244.80$US/MT

Weekly Scrap Metal Price Report- December 20, 2024

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