China moves to upgrade raw materials industry.

Fitch, anticipating a modest increase in consumption by low single digits in the coming year, has assigned a 'neutral' outlook to the global steel industry.

The country aims to peak carbon emissions before 2030 and achieve carbon neutrality before 2060.

The progress of high-tech industries may also drive demand for premium steel products.

Japanese steelmaker Nippon Steel and trading house Sojitz will acquire a 49% stake in Champion Iron’s Canadian iron ore project for $152 million. It is reported by Reuters.

The Kwinana Industrial Area, in Western Australia, has been selected as the location for Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant.

China's factory-gate prices edged up in November for the first time in six months, adding to signs that recent stimulus measures have bolstered industrial demand, though consumer inflation remained sluggish, officials and analysts said on Monday.

With expanded reach to key global markets, Baogang Group said it has achieved growth in both scale and quality, as well as significant progress in steel exports.