Electricity consumption of manufacturing industry up 4.7% YoY in June.

Citigroup said in a report that by the end of this year, iron ore inventory in Chinese ports may increase to 140 million tons.

The German government agreed to support the country's steel industry in its long-term transition to low-carbon production, the German Ministry for Economic Affairs and Energy (BMWi) announced on Wednesday.

Chinese enterprises have also managed to guarantee the construction and operation of overseas projects under the framework of the Belt and Road Initiative.

China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.

Latin American steel association Alacero said that Latin America is facing the worst crisis in its modern history and is in a moment of transition.

Companhia Siderúrgica Nacional announced that CSN Mineração SA signed on this date a new long-term iron ore supply contract with the Swiss trading company Glencore International AG.

From January to May, Russia exported 6.38 million tons of semi-finished carbon steel products, a year-on-year decrease of 0.7%.