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

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

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

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

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.

South Korea ferrosilicon (Si>55%) imports decrease 12.83% in April 2022.

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

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