Its iron ore sales fell by 5.7pc to 38.25mn t during the same period.

Japan's sales of domestic passenger electric vehicles (EVs) more than doubled on the year in March, but their share in total domestic car sales was down from the previous month.

According to Russia-based SpetsStal Association, in March 2023, Russia's stainless steel imports totaled 39,940 mt, a month-on-month increase of 84%.

According to the National Bureau of Statistics, in March 2023, China's crude steel output was 95.73 million tons, a year-on-year increase of 6.9%.

India's coking coal imports rose to a four-month high in January as competitive premium hard coking coal prices bolstered year-end buying interest.

The company's saleable iron ore production remained flat against the previous year at 5.4mn t during 2022-23.

Minister Bahlil Lahadalia said in a video statement Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with Vale, Ford, Huayou.

Shengtak New Material Co., Ltd: In the first quarter, the sales volume of stainless steel products increased by 53.03% year-on-year.