The daily Argus-assessed low volatile price ends the week unchanged at $107.50/t fob Hampton Roads.

Chinese manufacturing activity strengthened in June but the leading indices provided further evidence that the country's steel market recovery will be largely domestically-driven.

Indian state-controlled mining firm Coal India's (CIL) production and supplies to domestic buyers fell again in June from the previous year because of weak demand and high domestic coal stocks.

Chinese demand keeps Korean steel export steady in June.

Iron ore prices are expected to soften from current high levels in the July-September quarter.

Iron ore prices are expected to soften from current high levels in the July-September quarter.

Analysts said the country should ramp up its efforts to revitalize domestic demand to sustain the improvement in industrial earnings amid mounting uncertainties.

The ministry said, "this decision will save dozens of early death cases caused by air pollution."