Steelmaker Ternium said on Wednesday it had resumed operations at an iron-ore mine in Mexico after a more than five-month hiatus sparked by clashes between the firm and local community over the disappearance of two environmental activists.

Steel prices are expected to rise again soon.

North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand.

Taking center stage this year were questions over premiums on and standards for green steel, carbon tariffs at the border, the stability of scrap supply in the US and hydrogen’s promising role in decarbonizing steel production.

Inner Mongolia is by far the biggest in terms of market share in the first four months of 2023, with 36.34%, while Ningxia was second on 12.24%.

With the rapid development of ferro-alloys futures trading, Chinese steelmakers are increasingly using the newly-introduced futures-spot basis pricing pattern to hedge risk, according to Hao Zhu.

“Tsingshan may [bring an] additional 0.4 million tonnes of ferro-chrome capacity into production in the second half of 2023 and it will need less imported ferro-chrome, but more chrome ore,” Zhang said. He said that would lead to “a change in global ferro-c...

China’s ferro-silicon market has displayed weak momentum since the beginning of 2023, with decreasing supplies and demand between January and May 2023.