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Speaking shortly after the agreement was signed, Biteko said the project is expected to boost the country's economic growth through industrial development.

In the January-July period this year, China's iron ore imports reached 713.774 million mt, up 6.7 percent year on year.

In the first quarter (April-June) of FY 2024-25, iron ore production increased by 9.7% compared to the same period inFY2023-24.

Zimbabwean official hails Chinese steel firm for championing SADC industrialization agenda.

The steel industry's pace of green transformation has accelerated significantly, and intelligent manufacturing has been upgraded, he said.

India's JSW Steel Limited has given notice seeking to surrender the Jajang iron ore block in Odisha, according to a regulatory filing on Monday,August 5.

Steel giant Hoa Phat Group on July 29 signed a contract to supply 2,000 20DC containers to Hapag-Lloyd.

Weekly LME scrap futures trading volumes in the week to Aug. 1 fell slightly to 242,150 mt, down from 352,220 mt recorded in the week to July 25.