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Renowned Chinese company Shenfeng announces plans to establish a state-of-the-art iron production factory on a vast land area in Egypt, marking a significant in bilateral cooperation between China and Egypt.

China's industrial capacity utilization rate hits 73.6% in Q1.

Cyclone Metals Ltd (ASX:CLE) has passed a key milestone with pilot plant test work for the Iron Bear Project in Canada delivering iron ore concentrates with high purity and yield, essential for green steel production.

The Australian Steel Institute (ASI) has called for a ban on unprocessed steel scrap exports, stating that steel scrap is a valuable resource which is becoming increasingly scarce.

Construction on a zero-carbon steel plate factory began Thursday in the port city of Zhanjiang, a production base in Guangdong's Leizhou Peninsula.

The three-phase project will use natural gas as a reducing agent instead of coke and coal, Fastmarkets heard.

The figures, released every 10 days, are based on the survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions across the country.

But demand for long steel products is set to remain subdued, given the poor demand outlook from the construction sector, Zuo added.