Australian Strategic Materials Corporation successfully produced rare earth permanent magnets

The lab in Taiyuan, the provincial capital, was jointly built by the Shanxi provincial government, Huawei Technologies Co., Ltd., and two local enterprises.

In December 2020, U.S. steel mills shipped 7,049,785 net tons, a 4.4 percent increase from the 6,753,447 net tons shipped in the previous month.

The move is aimed at ensuring cost reduction in highways construction using steel.

Higher steel prices, lower coking coal prices and manageable iron ore prices have led to improved margins for steel companies, the analyst said.

Kalinganagar can grow to about 15 – 16 million, Angul to 10 million and Jamshedpur to 14 million, Narendran added.

China's producer prices went up in January amid a steady recovery in domestic demand, official data showed Wednesday.

Tata Steel, an Indian steel producer, plans to double the steel capacity of its existing plants in Orissa and Jarkand to 40 million tons a year, the Economic Times reported.