The company also raised its minimum hot rolled coil (HRC) price to $1,300/st.

According to Hoang Cuong, a local iron and steel dealer, since the beginning of this year, steel prices have increased seven times.

It was the first time that 50-meter steel rails were exported from China to Europe.

North American steel giant commissions steel rolls from Sheffield

Teck opted for coal split after mulling stake sale, partnerships

China’s steel demand is set to slow. That could dent iron ore prices by nearly 30%

China's steel industry is expected to remain stable in 2023, with demand likely to improve as the world's second-largest economy is on track for steady recovery this year, said an industry expert.

The new robots are performing unbinding integration, sleeve unloading, slag removal, grinding and labeling.