NEW DELHI - The increase in export taxes on iron ore, announced by the Indian government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on overseas markets, a mining industry body said on Monday.

Africa’s domestic mining sector not severely impacted by sanctions against Russia – report

Use of Vanadium in Indian Steel Industry: Time for India to transit from R&D stage to Production

In 2021, US imports of HRC totaled 3.4mnt, with CRC imports at 1.71mn t and HDG imports at 2.69mn t.

Nucor is spending $3bn to acquire CHI Overhead Doors from investment fund Kohlberg Kravis Roberts, the company 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 Argus 62pc index stood at $129.10/dmt on 17 May, down by 40pc on the year.

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