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Urals-based MMK sold 5pc less steel in 2020, reaching 10.8mn t, of which 4.3mn t was hot-rolled coil (HRC), down by 3.8pc on the year.

China Taiyuan coal transaction price index stood at 143.89 points Monday, down 0.12 percent week on week.

The last increase was on 8 January, making this the fifth offer hike since mid-November last year of a total of �200/t.

India’s state-owned manganese ore company Moil increased the price of manganese ore shipped from February to March by 5% compared with January, in line with the rise in global manganese ore prices.

U.S. Steel Corp. recently bought the remaining 50.1% of Big River Steel. The acquisition cost $774 million, while U.S. Steel spent about $700 million when it acquired a 49.9% stake in Big River Steel in November 2019.

SSAB intends to be a fossil fuel-free company by 2045, and to supply its first fossil fuel-free steel to the market in 2026.

The materials weighing 3,002 tonnes were shipped from Japan to east China's Shanghai.

Indian steelmaker JSW Steel aims to complete 5mn t/yr of expansion projects by the end of March, increasing its crude steelmaking capacity to 23mn t/yr.