Zhanjiang saw a resumption of growth in its economy in the first half of this year after the outbreak of the novel coronavirus (COVID-19) pandemic.

The No 8 BF was temporarily idled in mid-March amid lower demand resulting from the coronavirus pandemic and related automotive production stoppages.

Japan's iron ore imports fell further in June, as domestic steel mills maintained output cuts under pressure from lower manufacturing sector demand because of the Covid-19 pandemic.

US coking coal prices held mostly steady at the end of this week, with European demand muted for the third quarter.

Trade unions in the UK suggest they will not allow the end of blast furnace steel production.

Sections prices have fallen as low as £430-440/t delivered, according to buy-side sources, despite rises in scrap and iron ore.

Chinese-Australian coal firm Yancoal expects to produce 38mn t of saleable coal in 2020.

A new manufacturing plant for antibody-drug conjugates and resistant products topped out recently in the Benxi High-tech Zone.