HRC lead times in the Midwest fell to 3-4 weeks from 4 weeks.

Limited overseas scrap demand will continue to weigh on export prices, trade sources said.

Increased light vehicle production through the second half of 2022 over the first half of the year will increase availability for prime steel scrap.

Hoa Phat Group produced over 6 million tonnes of crude steel in the first nine months of the year, matching its output from last year.

SATAWU calls off Transnet strike, members to return to work on Thursday

Down 2.1 Percent YTD in 2022 from Same Period in 2021.

Singh did not specify the shape that the PLI schemes would take, with incentives varying between the 14 sectors for which they have been introduced.

Finished Import Market Share Estimated at 22 Percent in September.