The industry faces high energy prices and excessive regulation

On June 22, 2025, the National Security and Foreign Policy Commission of the Iranian Parliament passed a resolution in favour of closing the Strait of Hormuz

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S&P downgrades South Africa's growth forecast for 2025 as economic challenges persist

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Better monsoon outlook pushes S&P to lift India GDP forecast to 6.5%

The proposal was made against the backdrop of the cancellation of green projects in the country

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 158.8 million tonnes (Mt) in May 2025, a 3.8% decrease compared to May 2024.