This year, finished steel production is expected to hit 30 million tons, reflecting a 7 percent rise from 2023, said the association.

According to him, earlier investment in the semiconductor sector in Malaysia is expected to boost flat steel demand.

Shipment for oil products, steel, auto parts, precision machinery and home appliances expanded in double figures.

In June, Sukha Balka commissioned two new blocks of iron ore at both mines of the enterprise. Combined reserves amount to 157 thousand tons.

China's steel industry, which is under pressure to decarbonize as it is the biggest steel producer in the world

India is set to witness a notable rise in steel production, projected to grow by almost 6% year-on-year

After the end of its operational life, P-32 was acquired last year by Gerdau from Petrobras, for dismantling and utilization of the ferrous scrap as raw material for its steel production.

A geospatial engineering major, the 30-year-old joined China Wu Yi in 2017 to work at the precast building materials factory and has risen through the ranks to become an assistant manager at the firm.