South Korea imported 412,000t of ferrous scrap in April, a rise of 30pc on the month but a 6pc fall on the year.

Chinese ferrous scrap imports nearly trebled in April from the previous month as steel mills and trading firms increased purchases after initial trial shipments successfully cleared customs.

ANSA reported that a court has sentenced brothers Mr Fabio Riva and Mr Nicola Riva to 22 and 20 years in jail respectively for the environmental disaster caused by the ILVA steelworks in the southern city of Taranto.

"Regulators pay a lot of attention to the local environment, but not to the net benefits to the climate," said Anna Borg, chief executive of Swedish utility Vattenfall.

Asia's iron-ore futures tumbled on Monday, leading another bout of selling in the metals complex, after China's state planner warned against commodity price manipulation and vowed to clamp down on speculative trading.

JSE-listed openpit miner Afrimat’s diversification strategy, along with a particularly strong iron-ore price.

HANOI - Vietnam's steel maker Hoa Phat said on Monday it has acquired the Roper Valley iron-ore mine project in Australia, marking the company's first step to secure its own supplies in the world's biggest iron-ore producer.

At industry event in Shanghai, ministry officials, experts say net-zero goals key