The global rate was 75.3pc, up slightly from 74.3pc.

The firms also plan to develop neighbourhood EVs and internal combustion engine vehicles and create a sustainable auto ecosystem in India.

Japanese ferrous scrap exporters lifted shipments to a two-year high in October.

According to local media reports, Ottawa has said that any takeover bid for Teck would go through a rigorous approvals process.

In the world's first national supply chain expo, a Chinese steel mill moved the model of its smart workshop into the exhibition hall themed digital tech.

Creamer Media editor Terence Creamer discusses ArcelorMittal South Africa's announcement that it may cut about 3 500 jobs as it plans to wind down its long-products business

The steel industry is the backbone of any economy, it forms the foundation of any modern economy and is essential to every single sector.

Barrios said China is leading green technology development in multiple areas globally and the company sees great potential for further collaboration.