Use of Vanadium in Indian Steel Industry: Time for India to transit from R&D stage to Production

US hot rolled coil (HRC) prices took their largest fall today since the beginning of February as mills continued to lower prices and buyers pushed for steeper discounts.

The Argus 62pc index stood at $129.10/dmt on 17 May, down by 40pc on the year.

The China Iron and Steel Association's cornerstone plan will also further ensure domestic energy security.

Efforts should also be made to ensure stable supplies and prices, he said.

In 2021, US imports of HRC totaled 3.4mnt, with CRC imports at 1.71mn t and HDG imports at 2.69mn t.

UK-Australia resources firm Rio Tinto expects to benefit from an increased demand for metals and minerals needed to tackle climate change.

Japan's economy posted a contraction during January-March after a rebound the previous quarter, as the country's Covid-19 sub-emergency restrictions dented consumer spending and capped fuel consumption.