From the perspective of policy measures, the immediate task is to boost confidence of market entities rather than implement a strong stimulus.

Thanks to the digitalization of the coal industry, miners no longer need to enter the deep mineshafts via walking or riding on a small, outdated train.

The institute has developed the 0.08mm ultra-thin grain-oriented silicon steel strip and iron core in collaboration with several other companies and institutes including China Iron & Steel Research Institute Group.

China's steel sector saw output expansion in the first quarter of the year, industrial data showed.

The curve is in a clear backwardation, with May trading on screen almost €50/t below the underlying Argus assessment, which stood at €834.25/t.

Electric arc furnace (EAF) platemaker Nucor has increased its plate prices by $40/short ton (st).

Patrik Schober, a media representative of Tameh Czech, said negotiations are "under way" between the companies, but would not comment further.

Tata Steel aims to achieve net zero carbon emissions from its Indian operations by 2045, while India aims to reach net-zero emissions by 2070.