Also in 2023, new orders surged 56.4 percent year-on-year to 71.2 million deadweight tons, accounting for 66.6 percent of the global total, the data showed.
India's Tata Steel Limited will invest an estimated $1.2 billion every year to increase its steelmaking capacity by 1-2 million mt per year to maintain its market share
Strike Resources plans to use a part of proceeds of the sale to fully repay its US$7.2 million loan owed to Australia-based Good Importing International
Rio Tinto expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year following almost three decades of setbacks and scandals.