In its initial stage, the railway will have 77 stations and allow trains to travel at 120 km per hour.

ferro-alloys.com:Steel sector of China encounters increasing illegal capacity risks

Many European steel producers have reported significant falls in profits in recent results due to weaker demand for steel during an economic downturn.

Ongoing steelmaking restrictions continued to support prices for hot-rolled coil in China on Tuesday September 24.

Rebar prices in Russia’s major steel-consuming region fell again this week on weakening demand from end users.

Export prices for pig iron from Brazil have gone down on the influence of weak global scrap pricing and fading demand.

The lackluster demand for steel in foreign markets is likely to weigh on prices after the holiday.

That was the conclusion made by the raw materials committee of the International Rebar Exporters.