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.

From January to April 2022, South Korea imported 70642.00 tons of ferrosilicon (Containing by weight more than 55 % of silicon).

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.

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

Nucor is spending $3bn to acquire CHI Overhead Doors from investment fund Kohlberg Kravis Roberts, the company said.

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

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