Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Iron ore prices moved higher as Chinese steel mills ramped up production, helping the market recover part of last week’s losses. Futures climbed toward CNY 760 per ton, supported by better mill profitability after raw material costs eased. Analysts also see room for further restocking as iron ore consumption improves and inventories at steel mills stay relatively low.
Port-side supply also showed signs of tightening. Industry data indicated stockpiles at major Chinese ports slipped 0.16% week on week as of April 10, while weather-related disruptions in Australia reduced import volumes at 47 ports by more than 500,000 tons. Although shipments are expected to normalize as delays ease, the near-term mood remains supported by stronger steel output and firmer demand expectations
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