China's iron and steel industry needs to step up efforts on innovation and other practices to reduce cost and increase efficiency, to cope with challenges and realize high-quality growth, according to industry experts.

The UK-based trade association UK Steel has published a report that examines current electricity prices faced by steelmakers in the UK, France, and Germany, and sets out four recommendations to deliver competitive electricity prices for the UK steel industry.

Manufacturing production across the EU fell by more than 6pc on the year in September, the largest drop for any month since June 2020.

Sales and purchases were reported at $900/st for a few hundred short tons up to 1,000st.

US steelmakers were able to secure higher hot-dipped galvanized (HDG) coil pricing this week as supply tightened further.

The American Iron and Steel Institute (AISI) reported that for the month of September 2023, U.S. steel mills shipped 7,252,942 net tons.

The American Iron and Steel Institute (AISI) reported that for the month of September 2023, U.S. steel mills shipped 7,252,942 net tons.

Obiang said on his social media platforms late Wednesday that this investment has the potential to strengthen the country's economy.