Merafe Resources Limited (JSE: MRF, A2X: MRF) has announced its unaudited condensed consolidated financial results for the first half of 2023.

“The demand for that type of steel is going to far outpace the supply of that material,” he added.

“The demand for that type of steel is going to far outpace the supply of that material,” he added.

The 2310 ferrosilicon contract price on ZCE closed at 6932 yuan per ton on August 14.

A scoping study into the Buena Vista iron-ore project, in Nevada, has estimated that the project could produce 1.6-million tonnes a year of concentrate over a mine life of 25 years.

These sites are projected to reduce CO2 emissions per metric ton of raw coal by over 20 percent compared to 2020 levels, and achieve net-zero emissions by 2030.

With the setting of the steel tender in August, the downstream inquiry has become significantly active, market sentiment has been boosted, and the mentality of price-increasing was relatively strong.

Brazilian mining giant Vale SA has vowed to step up investment in low-carbon solutions along the steel value chain in China, according to its top executive.