This year, finished steel production is expected to hit 30 million tons, reflecting a 7 percent rise from 2023, said the association.

According to him, earlier investment in the semiconductor sector in Malaysia is expected to boost flat steel demand.

In June, Sukha Balka commissioned two new blocks of iron ore at both mines of the enterprise. Combined reserves amount to 157 thousand tons.

China's steel industry, which is under pressure to decarbonize as it is the biggest steel producer in the world

India is set to witness a notable rise in steel production, projected to grow by almost 6% year-on-year

Russian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman told Reuters on Friday.

Calcium metal market mainstream offer and transaction prices fell several times.

After the end of its operational life, P-32 was acquired last year by Gerdau from Petrobras, for dismantling and utilization of the ferrous scrap as raw material for its steel production.