Mining giant Rio Tinto has announced a $143-million investment to establish a research and development (R&D) facility in Western Australia to test the effectiveness of its low-carbon ironmaking process, BioIron.

Currently, disclosures by Chinese companies are largely voluntary and lack uniform standards, according to the ministry.

As a result of this, many big Indian steel conglomerates such as Tata Steel, JSW Steel and ArcelorMittal Nippon Steel were installing a number of scrap-consuming EAFs.

They highlighted that the relaxation of the requirement on the utilization rate of new energy may create about 74 gigawatts of new installations, bringing multiple benefits to key sectors.

India's JSW Steel Limited has commenced production of zinc-magnesium-aluminium alloy coated steel products

The sector has been struggling with low downstream demand and supply pressures.

The sector has been struggling with low downstream demand and supply pressures.

Hebei has added 10 new domestic container trade routes and four foreign trade routes since last year, opening routes to the Russian Far East, Vietnam and Thailand.