War in Ukraine a major gamechanger for global longs market

Fortescue finds funding for growth projects

The low utilisation of hot-rolled coil (HRC) quotas so far this quarter is testimony to low demand for imported tonnes at the start of this year.

NIOB can accommodate vessels with a maximum length of 300m, width of 48m and draft of 14.5m.

The increases led Brazil to reach a total 182,841MW in installed capacity.

The company's standalone capacity utilisation was 98pc during January-March compared with 93pc for the same period last year.

A total of 948 million tons of cargo was transported on China's railways in the period, 25.87 million tons more than that in the same period last year, according to the company.

Over the past two years, Iran's steel industry has been developing, and has maintained tenth of the top steel producers in the world.