The deal also enhances cooperation with the UK in accelerating the decarbonisation process of the iron and steel industry as Vietnam was striving to achieve net zero by 2050.

The 2211 ferrosilicon contract price on ZCE closed at 8756 yuan per ton on October 12.

The manufacturing sector is a driving force behind economic growth.

Thai steel manufacturers are planning to increase their domestic prices following a rise in operational costs.

Mining sector would be hardest hit by Transnet strike, says economist

Mining sector would be hardest hit by Transnet strike, says economist

Steelmaker Nucor is keeping its plate prices flat, just weeks after announcing lower pricing.

The daily Argus ICX 62pc iron ore index was at $96.15/dry metric tonne today, down 19pc from a year earlier.