Despite the severe disruption of the global movement of goods during the early stages of Covid-19, most countries and companies were able to introduce mechanisms to allow for activity to resume.

The import price of stainless steel in East Asia has declined with the decline of international nickel price in the past week.

PROFIT WARNING AND GENERAL BUSINESS UPDATE

Innovation and application of new technology will be vital to unlocking resource exploration potential, diversified miner BHP said this week.

The American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,422,000 net tons (NT) of steel in January 2021.

For the month of January 2021, U.S. steel mills shipped 7,420,816 net tons which is a 5.3 percent increase from the 7,049,785 net tons shipped in the previous month.

Finished steel imports with large increases in February permits vs. the January preliminary imports include tin plate (up 213%), sheets and strip electrolytic galvanized (up 151%).

In the week ending on March 6, 2021, domestic raw steel production was 1,755,000 net tons while the capability utilization rate was 77.4 percent.