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Finished Import Market Share YTD at 22%.

AISI: US Raw Steel Production in the week ending on August 26, 2023.

In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

For his part, Demchenko confirmed the company's keenness to invest in the Egyptian market.

Iron-ore major Fortescue has reported record shipments during the 2023 financial year, while also announcing the departure of CEO Fiona Hick only six months after her appointment.

BHP Group reported its lowest annual profit in three years, but the decline isn't the most worrying factor for the world's biggest mining company.

Specifically, the price of sulfuric acid went up 18.1 percent in mid-August compared to the beginning of this month, while the price for liquefied petroleum gas increased by 10.9 percent.

China's share of global orders for large LNG carriers exceeded 30 percent in 2022, hitting a record high.