In the week ending on October 17, 2020, US domestic raw steel production was 1,535,000 net tons while the capability utilization rate was 69.4 percent.

Carbon is increasingly acquiring a cost that will eventually be built into steel production all over the world.

As the market enters the final few months of 2020, US flat-rolled steel mills sit in a much better position than they were just two months ago.

UK-Australian resources firm BHP is likely to spin out its thermal and lower-grade coking coal assets into a new firm, similar to the formation of South32 in 2015.

Australian coal producer New Hope is planning to cut 75pc of all corporate staff, including in its marketing and exploration sectors.

Liberty Steel Group has submitted a non-binding indicative offer for ThyssenKrupp Steel Europe, the group said.

?Indonesia expects to see investment in nickel processing, as well as petrochemicals, double to $35 billion by 2033, led by investors from China seeking to expand their businesses in Southeast’s biggest economy.

Steelmaker Liberty makes bid to buy Thyssenkrupp Steel Europe