Liberty Steel is closing one of the three ovens at its Ostrava site in Czechia and there is a growing expectation that the company may idle its last two operational blast furnaces in Europe in the coming months.

Normalized plate pricing also fell by $40/st to $1,730/st.

The company reported total iron ore sales of 3.54 million mt during the month, up 25 percent year on year.

Turkey-based Kaptan Demir Çelik (Kaptan lron & Steel), part of Kaptan Group, has started wire rod production at its new mill supplied by UK-based plantmaker Primetals Technologies.

China's green energy industry has been developed through continuous technology upgrades.

The rise in the share of installed capacity of clean energy has brought new opportunities to emerging industries such as photovoltaics, power batteries and new-energy vehicles (NEVs).

In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

The figure is an increase of 14.09 percent from the same period in 2022, said CGN Power, which runs 27 operating nuclear power units.