Global mining giant BHP announced on Friday that it has kicked off a commercial-scale direct reduced iron production project with China Baowu Steel Group Corporation to support steelmaking decarbonization development in China.

Its installed renewable energy capacity reached 53.09 GW at the end of 2023, up 22.6 percent year-on-year, according to the Shanxi provincial statistics bureau.

The German government earmarked about €1 billion ($1.1 billion) for raw materials investments as it seeks to reduce dependency on producers such as China for critical minerals, according to people familiar with the plan.

Minister of Steel Development, Shuaibu Audu, has reaffirmed the Federal Government¡¯s commitment to ensuring that the Ajaokuta steel plant begins production for Nigeria¡¯s industrialization

The Puertollano plant, which will create more than 1,100 direct jobs and has an investment cost of more than E1.65 billion, will be commissioned in2026.

The restart of Tata Steel Netherlands' furnace along with the restart of other steelmaking capacities

The total trading volume of 2403 contract on the exchange was 77771 lots, with a turnover of about 2566.0527 million yuan.

In the traditional off-season, the demand side further weakened. Under the influence of bearish factors, the ferrosilicon futures market was fluctuating downward, and the spot market was operating under pressure.