China will continue to reduce its outdated production capacity of coal and steel this year, the country's top economic planner said Thursday.

Indian Prime Minister Narendra Modi on Thursday launched the auction process of 41 coal blocks for commercial mining, through a video-conference from New Delhi, said an official statement.

United States Steel Corporation has provided second quarter 2020 guidance and an update on its latest liquidity requirements for the remainder of the year.

Activity in the European HRC market has remained slow this week due to ample stocks among distributors and persistently weak demand from end consumers.

Domestic prices for heavy steel place in Europe have been fairly stable over the week, but some mills have started to increase offers due to higher production costs, sources told Fastmarkets on Wednesday June 17.

United Arab Emirates producer Conares Steel has increased its rebar price to 1,774 dirhams ($483) per tonne ex-works, from the previous month’s level of 1,690 dirhams per tonne ex-works.

The country saw its largest spike in Covid-19 cases on Sunday June 14 at 11,929 cases, according to local media reports.

About 130 employees are being recalled for the startup, Panzeri said.