The listed arm of steelmaker HBIS Group Co Ltd announced that the group’s phase one steel plant project in the coastal city of Legang in Hebei province of China has become operational.
“The rebound of the Brazilian economy is already happening,” Usiminas chief executive officer Sergio Leite said at the event to celebrate the BF restart.
US exports of hot-briquetted iron (HBI) continued to shift toward China in July to meet increased demand for metallics from the world's leading steelmaker.