The European Commission's "preferred option" for the EU's 2040 greenhouse gas (GHG) emissions reduction target is 90-95pc — from 1990 levels — according to a draft document.
In the week ending on January 27, 2024, US domestic raw steel production was 1,680,000 net tons while the capability utilization rate was 75.6 percent.
World No. 2 iron ore supplier Vale SA delivered a bigger-than-expected increase in production last quarter in a result that may undermine prices of the key steelmaking ingredient.
In 2023, the imports of high-tech products in Beijing reached 341.28 billion yuan, up 27 percent year-on-year, exceeding 300 billion yuan for the first time.
Brazilian mining company Vale expressed optimism about the growth prospects of the Chinese economy and asserted its strategic position to contribute to China's high-quality development.