Cameroon's government has signed a 420-billion CFA franc ($675.96-million) high-grade iron-ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.

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Efforts should also be made to ensure stable supplies and prices, he said.

The China Iron and Steel Association's cornerstone plan will also further ensure domestic energy security.

Industry ramps up efforts for technological upgrades, intelligent and green manufacturing transformation.

In 2021, US imports of HRC totaled 3.4mnt, with CRC imports at 1.71mn t and HDG imports at 2.69mn t.

Nucor is spending $3bn to acquire CHI Overhead Doors from investment fund Kohlberg Kravis Roberts, the company said.