It will enable the company to flexibly switch between different products depending on customer demand.

Through the newly built transmission line, power will be sent to a local 550,000-ton electrolytic aluminum program, which will generate an annual power consumption of around 7.5 billion kilowatt-hours.

Brazilian miner Vale reported on Tuesday a 5.5% increase in its third-quarter iron-ore production compared to a year earlier, reaching the highest level in almost six years.

Global mining giant Rio Tinto has reported consistent iron-ore production from its operations in Australia’s Pilbara, with third-quarter output increasing by 1% to 84.1-million tonnes.

This will mainly be due to increased supplies from Australia

Worldsteel anticipates an eight percent increase in steel demand in lndia over 2024 and 2025.

In the past, a consignment might be made up of miscellaneous goods.

"It is positive to see that (electricity) margins forecast for this winter are the highest since 2019/20," said Craig Dyke, director of system operations at NESO.