A third of the investments correspond to state copper miner Codelco and national mining company Enami and the rest to the private sector, according to the mining ministry’s latest annual presentation of its program.

Botswana mining sector on the rebound

It was the second consecutive month that US steel production has lagged its prior year period.

Electric arc furnace (EAF) steelmaker Nucor has lowered its plate prices for the first time in at least two years.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,729,000 net tons (NT) of steel in April 2022.

European steelmaker ArcelorMittal plans to continue to acquire steel scrap recyclers in order to guarantee long-term security of supply.

The higher tax is effective 22 May, India's finance ministry said on 22 May 2022.

Brazil's demand for power rose by 1.9pc in the first half of May from a year earlier, as consumption grew both in the regulated and free markets.