Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia.

Firebird’s Strategic Engagement of Sedgman for Kiln Commercialisation

Australia on Thursday allocated A$1 billion ($636 million) to a fund that will support the manufacture of green iron and its supply chains, including an initial A$500 million to bail out the Whyalla steelworks in South Australia.

But with the resumption of construction projects in various regions, there are still certain expectations on the demand side.

Calcium metal spot market continued the weak shock pattern, the spot offer fell again.

The government will impose up to 38.02 percent antidumping tariffs on steel plates from China, accepting Hyundai Steel's claim that the oversupply of low-priced Chinese products has damaged the domestic industry.

Rio Tinto will supply METLEN with approximately 14.9 million tonnes of bauxite from the CBG mine in Guinea over an 11-year period, spanning from 2027 to 2037.

Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO said on Thursday, as tariffs implemented by President Donald Trump shake up global trade.