The world’s biggest oil producer is now also aiming to become a key hub for making batteries for electric vehicles, as Saudi authorities look for new ways to diversify the economy and develop a domestic auto industry.

Iron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s sway over prices.

In a notable achievement, TAKRAF Group has announced the signing of a major contract between Rio Tinto and TAKRAF concerning development of the Simandou iron ore complex in Guinea.

JFE Steel also targets to expand the recycling capacity at the planned Keihin plant to a maximum 120,000 t/yr by 2023-31, cutting carbon dioxide emissions by 160,000 t/yr.

Integrated steelmaker Cleveland-Cliffs has increased its minimum hot-rolled coil (HRC) price to $1,000/short ton (st).

JAKARTA, Indonesia and PERTH, Australia, Nov. 6, 2023 /PRNewswire/ -- Leading private Indonesian steelmaker PT Gunung Raja Paksi Tbk (GRP), a member of Gunung Steel Group, is working towards a greener, more inclusive future,

Brazilian capital goods, construction and steel packaging industry groups are against a request from steel mills for the country to raise its steel import duties to 25%, already predicting rising costs in each sector if an increase is greenlit.

They made the remarks at the 2023 Guizhou Conference on High-Quality Development of Manufacturing Industry Driven by Digital Transformation in Guiyang last week.