STEEL WEEK IN BRIEF: Xcoal exports first Baralaba low-vol PCI cargo; US could reduce Section 232 steel duties on Turkey; ArcelorMittal finalizes Ilva deal...

Metal Bulletin reviews the major stories that have affected the steel market during the week ended November 2.

Raw Materials Xcoal Energy & Resources has exported the first cargo of Baralaba low-vol pulverized coal injection from the Baralaba North mine in Queensland, Australia. BHP is counting on India and China to drive demand for steelmaking raw materials in the year ahead, and expects the structural change in the Chinese steel industry in particular to sustain wide differentials between products of varying quality. The ferrous scrap market in the United States brought a surprise in November trade, with mills in key cities settling on the first...


Ross Yeo

November 02, 2018

21:50 GMT