Use of Vanadium in Indian Steel Industry: Time for India to transit from R&D stage to Production

The Argus 62pc index stood at $129.10/dmt on 17 May, down by 40pc on the year.

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

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

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

Japan's economy posted a contraction during January-March after a rebound the previous quarter, as the country's Covid-19 sub-emergency restrictions dented consumer spending and capped fuel consumption.

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

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