In the week ending on October 28, 2023, US domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 74.3 percent.

Botswana announces discovery of manganese deposits

The total trading volume of 2312 contract on the exchange was 193305 lots, with a turnover of about 6770.2995 million yuan.

US Steel's cold-rolled coil (CRC) pricing was increased to $1,150/st.

October is the strongest volume month for the CME Group's North European hot-rolled coil (HRC) contract since February of this year.

"Prices could test levels not seen since the early stages of the [Covid-19] pandemic," a German trading company said.

Electric arc furnace (EAF) steelmaker Nucor is dropping its discrete plate prices by $140/short ton (st).

Glencore announced on Monday it has reduced its nickel production guidance for this year by 9% to approximately 102,000 metric tons due to maintenance and strikes.