In the period, over 4 million tonnes of its products were sold, representing a year-on-year decrease of 22%.

Normalized plate pricing also fell by $40/st to $1,730/st.

Liberty Steel is closing one of the three ovens at its Ostrava site in Czechia and there is a growing expectation that the company may idle its last two operational blast furnaces in Europe in the coming months.

De Tian Coking started production with its first coke oven on 28 August, with projected output for 2023 less than 1.3mn t.

The company has started the production of final product, hot-rolled coils, from the Nagarnar plant in Chhattisgarh.

The transaction was expected to close by the first quarter of 2024.

The International Steel Trade Association (ISTA) has written to the UK minister for international trade challenging Tata Steel UK's hefty imports of Indian hot-rolled coil (HRC).

Sail joins its private-sector counterparts Tata Steel and JSW Steel in collaborating with SMS for decarbonisation.