Sections prices have fallen as low as £430-440/t delivered, according to buy-side sources, despite rises in scrap and iron ore.

Chinese-Australian coal firm Yancoal expects to produce 38mn t of saleable coal in 2020.

Electricity consumption of manufacturing industry up 4.7% YoY in June.

UK-Australian mining company BHP has maintained its iron ore production guidance at 276mn-286mn t in the July 2020 to June 2021 financial year.

According to Tianjin Customs, in the first half of this year, a total of 37.859 million tons of iron ore were imported at Tianjin port.

Australian mining giant BHP has recorded its largest quarterly output of iron ore ever from the company's Western Australian (WA) operations, due to strong demand from Chinese steel mills.

A new manufacturing plant for antibody-drug conjugates and resistant products topped out recently in the Benxi High-tech Zone.

Citigroup said in a report that by the end of this year, iron ore inventory in Chinese ports may increase to 140 million tons.