China’s 2025 steel demand to fall 1.5% on year, state research institute says
China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively.
The head of Russia’s Vologda region said on Thursday that a factory belonging to steelmaker Severstal in the city of Cherepovets had been struck by a drone, but that nobody had been hurt and operations had not been disrupted.
Georgy Filomonov, the acting governor of the region, said a drone had hit the plant early in the morning and that state investigators were working on the scene.
“In the Vologda region at the Severstal enterprise this morning there was an incident in the area of the blast furnace which was struck by a drone of unidentified affiliation. The main thing is there are no casualties,” he said in a statement.
“In addition, the operation of the furnace was not disrupted and the enterprise is functioning in normal mode.”
Severstal earlier on Thursday had spoken of an unspecified “technological incident.”
(Editing by Andrew Osborn)
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