According to statistics, the output of crude steel in the first quarter of 2023 may exceed 15 million mt year-on-year.

The Abujar gold project is located close to good regional and local infrastructure and about 90 per cent of its tenements, which cover 1114 square kilometres, remain unexplored.

The new grade steel structures will help the nation to reduce dependence on imports, the company said.

Shandong Province is rich in gold resources, with a larger production than any other provincial area across China for the past four decades.

The closure of Intalco smelter will bring Alcoa Corporation’s global consolidated capacity to 2.69 million metric tons.

The data released by the Finance Ministry indicates that the country reported a total of 3,982 cases of gold seizure in 2022.

Unite welcomed the recently announced plans by the government to inject £600 million into UK’s blast furnaces and a transition from coal to prevent carbon emissions.

The production costs skyrocketed by 31.8%, from $1,661 per tonne in 2021 to $2,190 per tonne in 2022.

The transition to green steel will lead to drastic jump in scrap requirements, with markets likely to see shortage by 2030.

201 SS prices surged higher by CNY 100 per MT on Index.