Japan produces around 1mn permanent magnet synchronous motors for vehicles each year, according to trade ministry data.

A year ago the spread was $1,058/st as HRC prices were plunging from record-high levels.

The 2303 ferrosilicon contract price on ZCE closed at 8224 yuan per ton on January 5.

Africa can produce 50Mt/y of green hydrogen at less than €2/kg by 2035, report shows

BHP and Oz Minerals agree on takeover deal

In the week ending on December 31, 2022, US domestic raw steel production was 1,602,000 net tons while the capability utilization rate was 71.8 percent.

Finished Import Market Share Estimated at 23 Percent in December.

In November alone, production of finished steel reached over 1.82 million tonnes.