Steel scrap heavy scrap domestic, delivered mill China, yuan/tonne

Fastmarkets’ weekly price assessments for Polish long steel were published on Thursday October 31, one day ahead of schedule due to a public holiday in Poland on November 1.

Jinnan Iron & Steel Group is the latest company to join the push to expand China's steelmaking footprint in the Middle East and is working with Brazil's Vale to establish an iron ore concentration plant at the Sohar Port and Freezone in Oman, Fastmarkets understands.

China and India are ramping up electrical steel production through new joint ventures and acquisitions to meet rising global demand and sustainability goals.