From January to October 2023, the production of high-carbon ferrochrome in Inner Mongolia increased by 777,600 tons year-on-year to 3,698,300 tons, accounted for 61.2% of the country.

The plant, which is expected to be completed by 2025, involves a substantial investment of over 113 billion tenge (approximately $245 million).

In a significant step towards sustainable industrial development, Oman has officially initiated the construction of a pioneering green steel plant

The total trading volume of 2402 contract on the exchange was 178299 lots, with a turnover of about 5937.7954 million yuan.

The global rate was 75.3pc, up slightly from 74.3pc.

The firms also plan to develop neighbourhood EVs and internal combustion engine vehicles and create a sustainable auto ecosystem in India.

Japanese ferrous scrap exporters lifted shipments to a two-year high in October.

In January the firm agreed to develop renewable energy projects with Azerbaijan's state-owned Socar for a total combined capacity of 4GW.