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North American steelmakers Nucor and ArcelorMittal Dofasco have joined others in raising sheet prices.

Posco's initiatives are in line with South Korea's hydrogen roadmap as the country aims to establish large-scale domestic and overseas production bases and achieve 7.1pc of clean hydrogen power generation by 2036.

Redwood Material has signed a deal to supply Japanese battery maker Panasonic with high-nickel content cathode materials for the a planned Kansas plant according to Redwood.

Its July-September production fell by 77pc from a year earlier to 30,000t.

US plate maker Nucor kept its plate prices for December flat.

Since its first iron ore shipment to China in 1973, Rio Tinto has supplied China with more than 3.5 billion tons of high-quality iron ore.

The company signed a cooperation agreement with Xinjiang Bayi Iron and Steel at the fourth CIIE in 2021 to provide the latter with approximately 4 million metric tons of iron ore worth $460 million this year.

The Great Lakes Clean Hydrogen Partnership made up of Linde, Energy Harbor, GE Aerospace, Cleveland-Cliffs steel manufacturing and the University of Toledo has moved forward with its US Department of Energy hydrogen hub application.