[POSCO and Hyundai Motor Collaborate to Develop Next-Generation Silicon Steel]

According to China State Railway Group Co., Ltd. (hereinafter referred to as China Railway), in H1, national railways completed a total cargo shipment volume of 2.015 billion mt, up 1.8% YoY. It is reported that the railway department has carefully designed "passenger-train-like" express freight trains, operating freight trains with standards akin to passenger services to enhance cargo transport efficiency and punctuality. The benchmark demonstration express trains can reach a maximum speed of 120 km/h, with an average travel speed of 75 km/h, precisely matching the market demand for fast logistics such as e-commerce and cold chain. In H1, the railway department operated a total of 35,800 cross-bureau freight trains, shipping 38.56 million mt of cargo. Among them, 11,178 China-Europe Railway Express trains were operated, up 20% YoY.

US Steel has selected direct reduction technology developer Midrex to supply a 2.5 million mt/year HDRI/HBI MIDREX® Plant for its new DRI facility at Big River Steel in Osceola, Arkansas, which is expected to start production in 2029. According to Midrex, the project marks a key milestone for the North American steel industry, as it will be the first DRI facility in the US to integrate with EAF steelmaking and be supported by a domestic DRI-grade pellet supply chain.