In the first two months, Guangdong's import and export with Brazil and Chile increased by 24.8 percent and 14.4 percent, respectively, it said.

In the first two months, Guangdong's import and export with Brazil and Chile increased by 24.8 percent and 14.4 percent, respectively, it said.

In order to reach these targets, UBA President Dirk Messner called for a "much faster pace in the expansion of renewable energies."

The Argus weekly domestic US HRC Midwest and southern assessments both increased by $50/short ton (st) to $1,150/st.

US integrated steelmaker Cleveland-Cliffs has increased its flat steel prices by $100/short ton (st), targeting a minimum hot-rolled coil (HRC) price of $1,200/st.

Demand has remained steadier for longer than the market had expected, with talk of a recession pushing further out into the year and lessening in severity.

Indian private-sector producer JSW Steel's crude steel output rose by 10pc from a year earlier to 1.73mn t.

US steelmaker Evraz North America has increased its prices for flat steel products.