The imports of cut length plates too were up by 22.5%.
Cu Yokes and Harness Wire 35% Recovery scrap prices held steady over the previous day.
China topped the list, although its output registered 5.2% decline in output over the previous year.
By doing so, the company ensures that valuable materials do not reach landfill.
The largest steel producing region was the Asia and Oceania, whose regional steel output totalled 121.40 Mt in April 2022.
Also, the demand growth through the end of 2021 has been revised from previously reported 7.7% to 8.2%.
The dollar index (DXY00 ) on Wednesday rose by +0.175 (+0.17%). The dollar index Wednesday rose moderately and found support from weakness in the yuan after Chinese Premier Li Keqiang said China’s economic...
The threshold will be increased to 70% and 80% in 2024 and 2025 respectively, the notification said.
The company had earlier announced plans to double its Indian steelmaking capacity from around 20 million tonnes per annum (mtpa) to 40 mtpa.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) this morning is up by +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.42%....