It is understood that the current U.S. steel plant capacity utilization rate is only 75%, far below last February 82% level.

A few days ago, the chairman of the world iron and steel association, party secretary of hegang group, chairman yu yong and bhp chief executive officer Mike Henry around carbon reduction and climate change and further strengthen cooperation in low-carbon metal...

While there is growing momentum across the world around investment in hydrogen and the related import and export value chains, management consulting company Kearney MD Romain Debarrewarns that there is still a lack of supply and demand for the hydrogen economy...

Buyers started cutting the proportion of direct-charge materials in January — first reducing pellet usage and then lowering the lump proportion, sources said.

The pilot programme might not affect the ratio of iron ore in mills' blends, which has seen less direct-charge use recently, but total output might be reduced, a mill iron ore buyer said.

The stronger pricing environment is more than offsetting the higher costs, with most firms guiding for a much more profitable January-June than July-December.

Fortescue shipped 3.42mn dwt, up from 3.01mn dwt the week before but 3pc below its average of 3.54mn dwt.

The pilot programme might not affect the ratio of iron ore in mills' blends, which has seen less direct-charge use recently, but total output might be reduced, a mill iron ore buyer said.