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In January–March, these volumes totaled 24.71 million tons

Rising production at Chinese mines is putting pressure on the local market

The announced increase is $15 per ton

This move comes amid an ongoing contract dispute with the mining company

The project is expected to create 2,500 jobs

Increasing the share of EAFs to 20% by 2030 could also improve the sector’s profitability and sustainability

The key driver is the rise in freight rates linked to the conflict in the Middle East

In January, this figure was the lowest in six years

Energy consumption in the sector decreased by 2.91% y/y

The total floor area of properties under construction decreased by 11.7% y/y

This year's strategy goes beyond mere cost-cutting

Pig iron production fell by 2.7% y/y