The 2301 ferrosilicon contract price on ZCE closed at 8466 yuan per ton on December 5.

Vanadium Resources appoints John Ciganek as MD

Community Union has written to UK prime minister Rishi Sunak urging him to "back Britain's steel industry".

Adjusted year-to-date production through November 26, 2022 was 81,245,000 net tons, at a capability utilization rate of 78.5 percent.

US third-quarter shipments to India almost trebled year on year to 1.7mn t. Shipments to Brazil were 27.3pc higher on the year, at 1.5mn t.

The electric arc furnace (EAF)-based steelmaker announced the price decrease in a letter to customers on 29 November.

North American steelmakers Nucor and ArcelorMittal Dofasco have joined others in raising sheet prices.

Posco's initiatives are in line with South Korea's hydrogen roadmap as the country aims to establish large-scale domestic and overseas production bases and achieve 7.1pc of clean hydrogen power generation by 2036.