Steel group ArcelorMittal South Africa (AMSA) has confirmed that it will proceed with the wind down of its longs business after talks with government failed to yield the “timely solutions required” to prevent the closure.

Domestic calcium metal market continues to run weak trend, prices continue to move down.

"We will holistically transform the structures of industry, energy consumption and transportation toward green, low-carbon development," he said.

China's foreign trade enterprises are actively expanding into high-growth markets and high-potential industries.

AI adoption is accelerating across industries nationwide. From healthcare to finance and ports to railways, AI is driving innovation and improving efficiency.

US imports from China provide vital stock for businesses nationwide.

World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in January 2025, a 4.4% decrease compared to January 2024.

Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia.