According to the data provided by Turkish Institute of Statistics, in January this year, Turkey's total exports of hot rolled coil (HRC) decreased by 50.9% compared with December last year to 109640 tons, a year-on-year decrease of 59.1%.

European steel producers using electric arc furnaces (EAF) may invest higher costs in their production lines due to recent conflicts between Chinese synthetic graphite electrode exporters and European manufacturers.

China will "strengthen management and control" of its strategic mineral resources, the government said on Friday as it set out a five-year development plan, without providing any details on how it plans to secure key supplies and boost self-sufficiency.

The European Commission is examining the possibility of lifting import tariffs on steel products by June 30 this year. The tariff has a negative impact on U.S. ship exporters.

New data from the Australian Bureau of Statistics (ABS) has shown that mineral exploration expenditure continued to grow in the December quarter.

In the first ten days of February 2021, key iron and steel enterprises produced 21.5443 million tons of crude steel.

Adjusted year-to-date production through February 13, 2021 was 10,808,000 net tons, at a capability utilization rate of 75.9 percent.

The minister said that a sum of Rs 20,000 crore has been provisioned in the Budget to capitalise the DFI.