The country mainly bought steel from China, with 5 million tonnes valued at 4.38 billion USD, accounting for 40.3 percent and 38 percent of the total volume and turnover, respectively.

JSW Steel on Friday reported 15 per cent rise in crude steel production at 16.46 lakh tonne for the month of January.

Note: this release incorporates revisions to data for June through November 2021 released by the U.S. Census Bureau in February 2022.

China's key steel hub policy set to lead to long-term decline in steel output

London-listed miners with Russia exposure slump

London-listed miners with Russia exposure slump

"Iron ore prices could be pressured this year on lower output of China's crude steel and rising supply of overseas mines," said Zhu.

The African Energy Chamber estimates that Africa's power generation capacity should increase from the current 848.6 terawatts to 2,622 terawatts in 2040 in order to develop its economy.