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The Argus US plate ex-works assessment has been relatively flat at around $1,480/st since early December.

The plant will use biogas feedstock and iron ore as a catalyst to also produce 380 t/yr of graphitic carbon, he said.

China is taking fresh measures to deter hoarding of iron-ore in a bid to cool a surge in prices of the key steel-making material.

Mexico’s construction sector contracted 1.0% in January from December, statistics office Inegi said.

China will take more steps to stabilize industrial growth with a focus on key industries and areas.

The decrease expanded by 0.6 percentage points from that registered in January. On a monthly basis, China's PPI remained flat in February, according to the bureau.

Hunan developing reputation worldwide as a center of heavy industry expertise

"China's statement to actively seek CPTPP membership illustrates its attitude and determination to expand its opening-up," Gu said.