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.

China's car sales rose in September for a fifth straight month to their highest level this year.

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

China's economy expanded by almost 5pc in the third quarter, continuing the country's recovery from its Covid-19 outbreak earlier this year.

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.

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

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

The World Steel Association (worldsteel) today released an update to its Short Range Outlook (SRO) for 2020 and 2021.