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Brazilian capital goods, construction and steel packaging industry groups are against a request from steel mills for the country to raise its steel import duties to 25%, already predicting rising costs in each sector if an increase is greenlit.

They made the remarks at the 2023 Guizhou Conference on High-Quality Development of Manufacturing Industry Driven by Digital Transformation in Guiyang last week.

From January to September, 178 national high-tech industrial development zones across the nation achieved a total industrial output value of 23.5 trillion yuan ($3.22 trillion).

Indian steel precision tube manufacturer Tube Investments of India Limited (TIIL) has firmed up plans to set up a greenfield production facility entailing an investment of $25.42 million, the company said in a statement on Tuesday,October 31.

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.

Finished Import Market Share YTD at 22%.

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

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