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

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

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.

Industry ramps up efforts for technological upgrades, intelligent and green manufacturing transformation.

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.

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

The shareholders of ASX-listed oil and gas major Woodside have voted overwhelmingly in favour of the merger with mining major BHP’s petroleum assets.