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Australian Strategic Materials Corporation successfully produced rare earth permanent magnets

U.S. steel mills' weekly capacity utilization rate increased to 76.9%

Kalinganagar can grow to about 15 – 16 million, Angul to 10 million and Jamshedpur to 14 million, Narendran added.

The lab in Taiyuan, the provincial capital, was jointly built by the Shanxi provincial government, Huawei Technologies Co., Ltd., and two local enterprises.

In December 2020, U.S. steel mills shipped 7,049,785 net tons, a 4.4 percent increase from the 6,753,447 net tons shipped in the previous month.

Higher steel prices, lower coking coal prices and manageable iron ore prices have led to improved margins for steel companies, the analyst said.

The move is aimed at ensuring cost reduction in highways construction using steel.

China's producer prices went up in January amid a steady recovery in domestic demand, official data showed Wednesday.