AISI: US raw steel production in the week ending on May 13, 2023.

Finished Import Market Share YTD at 23%.

Most of the capital goods in China posted lower prices in late April compared with mid-April, official data showed Monday.

China's Hunan reports robust foreign trade growth with Africa in Q1.

Market participants say this would be feasible for the province because it is rich in coal and iron ore resources.

BHP is looking into initiatives to grow its iron ore production to 300 million tonnes per annum.

The head of diversified miner BHP, Mike Henry, has highlighted the massive investment required in the resources sector to meet global decarbonising efforts.

Iron-ore futures wobbled on Friday and were on track for weekly losses due to waning optimism over prospects for demand recovery in top steel producer and metals consumer China, with additional pressure from rebounding supplies from Australia and Brazil.