China's steel sector saw output expansion in the first quarter of the year, industrial data showed.

The institute has developed the 0.08mm ultra-thin grain-oriented silicon steel strip and iron core in collaboration with several other companies and institutes including China Iron & Steel Research Institute Group.

Electric arc furnace (EAF) platemaker Nucor has increased its plate prices by $40/short ton (st).

The curve is in a clear backwardation, with May trading on screen almost €50/t below the underlying Argus assessment, which stood at €834.25/t.

Tata Steel aims to achieve net zero carbon emissions from its Indian operations by 2045, while India aims to reach net-zero emissions by 2070.

Patrik Schober, a media representative of Tameh Czech, said negotiations are "under way" between the companies, but would not comment further.

Indian private-sector steelmaker JSW Steel has successfully bid for the Jaisinghpura south iron ore block located in Ballari, Karnataka in an auction held in March.

Indian private-sector producer Tata Steel registered its highest crude steel production of 19.9mn t and sales of 18.9mn t during the April 2022-March 2023 period.