China Iron and Steel Association Executive Chairman Mr He Wenbo disclosed at the 11th China International Steel Congress in Shanghai on May 27 that ¡°China has been executing the largest-ever steel capacity upgrading plan in the global steel history.

The iron ore price has been about as volatile of late as most of us can remember.

A new report by the Minerals Council of Australia (MCA) has shown that Australia was poised to take advantage of the predicted increase in global demand for commodities.

BHP has achieved first ore at its USD 3.6 billion South Flank mine in the central Pilbara in Western Australia last week.

Europe's largest steelmaker, ArcelorMittel, has increased its coil offer prices again.

South Korea imported 412,000t of ferrous scrap in April, a rise of 30pc on the month but a 6pc fall on the year.

Chinese ferrous scrap imports nearly trebled in April from the previous month as steel mills and trading firms increased purchases after initial trial shipments successfully cleared customs.

India's domestic steel demand will pick up once the second Covid wave subsides and the vaccination drive gains traction, said Seshagiri Rao, joint managing director at JSW Steel.