Brazilian miner Vale said on Tuesday it expects to start building "mega hubs" in Middle Eastern countries next year to make low-carbon iron ore products for the steel industry, with the first one becoming operational in 2027.

No. 2 iron-ore miner Vale said the outlook for China’s steel-intensive property sector is “more encouraging” despite uncertainties, and reiterated its long-term view of the global steel market remains intact.

Vale Base Metals has committed nearly $9-billion for investment in Indonesia, including for its development of high-pressure acid leaching (HPAL) plants for nickel, chief executive Deshnee Naidoo said on Thursday.

Over 19 percent of installed power grid capacity in Shanxi, the country's largest coal-producing region, comes from PV power, according to the State Grid Shanxi Electric Power Company.

Liberty Steel is closing one of the three ovens at its Ostrava site in Czechia and there is a growing expectation that the company may idle its last two operational blast furnaces in Europe in the coming months.

Normalized plate pricing also fell by $40/st to $1,730/st.

Wind and solar resources are unlimited given by nature, but equipment components generating the resources have their lifespan.

The company has started the production of final product, hot-rolled coils, from the Nagarnar plant in Chhattisgarh.