Its iron ore sales fell by 5.7pc to 38.25mn t during the same period.

According to Russia-based SpetsStal Association, in March 2023, Russia's stainless steel imports totaled 39,940 mt, a month-on-month increase of 84%.

According to the National Bureau of Statistics, in March 2023, China's crude steel output was 95.73 million tons, a year-on-year increase of 6.9%.

The company's saleable iron ore production remained flat against the previous year at 5.4mn t during 2022-23.

India's coking coal imports rose to a four-month high in January as competitive premium hard coking coal prices bolstered year-end buying interest.

Minister Bahlil Lahadalia said in a video statement Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with Vale, Ford, Huayou.

Shengtak New Material Co., Ltd: In the first quarter, the sales volume of stainless steel products increased by 53.03% year-on-year.

VSA: Steel demand in Vietnam will grow by 1-2% year on year in 2023