Shares of Australia's Fortescue slipped on Thursday to a one-week low as it posted a marginal rise in its second-quarter iron-ore shipments, largely in line with market expectations for the period.

The former Biden administration extended the deadline for the two companies to abandon their merger plan to June 18, following a request from Nippon Steel.

The proportion of steel used in China's manufacturing industry increased to 50 percent in 2024.

Aluminum and Copper Prices Drop Amid Trump¡¯s Tariff Threats on China and Russia

The association said that while steel demand is expected to continue decreasing this year, the rate of decline is likely to narrow.

Indonesia started to export steel products in the form of welded beams to New Zealand with a volume of 1,210 metric tons worth 1.5 million U.S. dollars on Wednesday.

Challenges and future of Ukraine's steel industry

The RFCS aims to contribute to decarbonization of the steel industry and circular economy practices as well as to the just transition of the coal industry and coal mining regions.