ArcelorMittal Poland to idle Krakow blast furnace on November 23.

SMB, together with Singapore's Winning, won a tender to develop Simandou's blocks 1 and 2.

Following months of uncertainty, thousands of British Steel workers are feeling cautiously optimistic.

"Improving product quality should be a major priority, to use high standards to push forward high quality development of the industry."

A source had already confirmed that a deal was in the works earlier on Monday, amid press reports that Jingye would pay 70 million.

Murray Energy is the latest to join a string of coal companies.

CISA data showed their member companies have seen a 32 percent drop in profits.

"The trend is for prices to gradually dip down but the path will be really bumpy," Liao said.