The plant will use biogas feedstock and iron ore as a catalyst to also produce 380 t/yr of graphitic carbon, he said.

Coal shipments from Gladstone were at a record low in February following a derailment outside the port.

Indian private-sector producer JSW Steel's crude steel output rose by 10pc from a year earlier to 1.73mn t.

US steelmaker Evraz North America has increased its prices for flat steel products.

China is taking fresh measures to deter hoarding of iron-ore in a bid to cool a surge in prices of the key steel-making material.

Mexico’s construction sector contracted 1.0% in January from December, statistics office Inegi said.

Vietnam will ramp up the use of coal and gas sources and mobilize renewable sources to ensure sufficient supply of electricity for the Southeast Asian country as the demand is projected to increase in 2023, local media reported on Thursday.

The decrease expanded by 0.6 percentage points from that registered in January. On a monthly basis, China's PPI remained flat in February, according to the bureau.