"The key to new quality productive forces lies in the profound transformation and upgrade of industries," Dai stressed.

According to Worldsteel Association data, European Union crude steel production decreased by 4.3% in March compared to the same month of the previous year, reaching 11.6 million tons.

Renowned Chinese company Shenfeng announces plans to establish a state-of-the-art iron production factory on a vast land area in Egypt, marking a significant in bilateral cooperation between China and Egypt.

Australian green energy and iron-ore giant Fortescue has revealed a 6% decline in third-quarter iron-ore shipments, attributed to the repercussions of an ore car derailment on December 30, coupled with weather-related disruptions.

China's industrial capacity utilization rate hits 73.6% in Q1.

Cyclone Metals Ltd (ASX:CLE) has passed a key milestone with pilot plant test work for the Iron Bear Project in Canada delivering iron ore concentrates with high purity and yield, essential for green steel production.

Port Hedland handles production from mines owned by BHP Billiton, Atlas Iron and Fortescue Metals Group in the iron ore-rich Pilbara region of Western Australia.

The Australian Steel Institute (ASI) has called for a ban on unprocessed steel scrap exports, stating that steel scrap is a valuable resource which is becoming increasingly scarce.