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He urged steel enterprises to optimize technologies and engineering progress.

Mining majors are ramping up their diversification policies to capitalise on or react to decarbonisation trends by targeting new growth markets, while seeking to divest from coal, oil and gas production, market research firm Fitch Solutions Country Risk and In...

Sibanye-Stillwater declares R3.9bn half-year dividend

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021.

Many steel enterprises saw profits drop by up to 90% in Q2 of this year, amid plunging steel prices.

Rival miners have cautioned over a weaker outlook and Rio Tinto Group last month reported a decline in first-half profits and halved its dividend.

The bill includes incentives for companies that include union workers, but the overwhelming focus is on boosting US production and employment, he said.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $110 a tonne Monday morning, up 2.7%