Israel will cut its coal use for electricity generation by 17 percent by the end of this year, according to a statement released by the state's Ministry of Energy on Wednesday.

The recent production cuts announced by Australian coking coal producers point to even greater cost pressures that their US counterparts are facing.

Spot activity continues to be sporadic in the Atlantic coking coal market, as participants hope that early signs of a stronger third quarter in terms of volumes will be borne out.

The Government should build a retail power price for industrial production firms equal to households and adjust the electricity tariff to suit people’s living standards, experts have said.

The Indonesian Coal Mining Association (APBI) has asked its members to cut output by 40mn-50mn t during June-December to prevent a freefall in prices.

Coal mining companies in Shanxi province are turning smart, safer and more efficient by using the latest 5G technologies.

Steelmakers are still expected to purchase another 50,000-100,000t of July-shipment deep-sea scrap, but almost all of their requirements have been met.

The European Automobile Manufacturers' Association (ACEA) is forecasting a 25pc drop in new passenger car sales in the EU this year as result of the Covid-19 pandemic.