On December 29, the coke oven equipment upgrading and transformation project of Liaoning Province-based Chinese steelmaker Ansteel Group Lingyuan lron and Steel Co.,Ltd. underwent a trial run.
Fitch, anticipating a modest increase in consumption by low single digits in the coming year, has assigned a 'neutral' outlook to the global steel industry.
Japanese steelmaker Nippon Steel and trading house Sojitz will acquire a 49% stake in Champion Iron’s Canadian iron ore project for $152 million. It is reported by Reuters.