Keyu Jin, an associate professor of economics at the London School of Economics & Political Science mentions that advancements in green steel cannot be achieved in geographical isolation.

Lithium is a key material for electric-car batteries.

JSW Steel also partnered with German technology company SMS Group to reduce carbon emissions and produce green steel in September 2022.

Tathya's hot metal index was 87.65, up marginally from 87.47 the previous week, but still close to its lowest levels since the end of January.

JSW had earlier this year won the Jaisinghpura south iron ore block located in Ballari, Karnataka and the unexplored Surjagad 4 iron ore mine in Maharashtra.

US HRC prices have fallen by 27pc since the peak of $1,200/st in April.

Mexico's mining production shrank 0.2% year-on-year in April, after dipping 1.5% in March, according to revised figures from statistics agency Inegi.

United Kingdom resources firm, Contango Holdings Plc commenced production of coking coal at its Lubu Project in Matabeleland North at the back of heightened demand for the product on the local market.