Global investment management firm Goldman Sachs has slashed its iron ore price forecast by 18 per cent, citing weakened global demand.

The country currently has a generating capacity of 2 000 MW but is only producing 1 400 MW due to regular breakdowns at its thermal power stations and water shortages at its main hydro plant.

French mining group Eramet announces the opening of an office in Chile

In the week ending on May 27, 2023, according to data of AISI, US domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 77.2 percent.

Finished Import Market Share YTD at 23%.

Most of the capital goods monitored by China's statistical authorities registered lower prices in mid-May compared with early this month.

The country's largest coal-producing region, Shanxi saw raw coal output hit 444 million tonnes in the January-April period, according to the provincial statistics bureau.

China's raw coal output posted stable expansion in April, official data showed.