The country is also expected to remain the world's largest primary energy consumer despite slowing demand growth.

Northwest China's Xinjiang Uygur autonomous region saw its railway freight volume top 45.8 million tons in the third quarter of 2020.

At present, China's crude stainless steel output ranks first in the world, accounting for more than half of the global market, according to the forum.

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.

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.

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.