That many other parts of China have also witnessed such remarkable improvement in air quality over the past decade shows China's sustained efforts to transition its energy structure to clean energy and pursue higher-quality growth have been bearing fruit.

Iron-ore futures slumped on Wednesday, with the Dalian benchmark contract hitting its lowest in two weeks, as intensified Covid-19 curbs in China and signals that its draconian zero-case approach will continue weighed on sentiment.

South Africa’s busiest port Durban hobbled by strike

Hoa Phat Group produced over 6 million tonnes of crude steel in the first nine months of the year, matching its output from last year.

The manufacturing sector is a driving force behind economic growth.

The deal also enhances cooperation with the UK in accelerating the decarbonisation process of the iron and steel industry as Vietnam was striving to achieve net zero by 2050.

Thai steel manufacturers are planning to increase their domestic prices following a rise in operational costs.

Japanese automaker Honda expects to boost its North American production in the fourth quarter as access to auto parts improves.