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.

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.

thyssenkrupp nucera partners with H2 Green Steel in constructing the first large-scale green steel plant in Europe. The standardized 20 MW electrolysis modules "scalum" from the supplier of world-leading electrolysis technology to produce green hydrogen will e...

Thirdly, policies should be implemented to mobilize the power of financial institutions to support low-carbon transformation

These factors should lead to soaring steel demand in Q3 and Q4, Tuan said.