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China's benchmark power coal price remained flat during the past week.

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

The supply and demand dynamics in China's steel market look set to remain in balance over the second half of 2020 as its steel capacity expansion has slowed.

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

Analysts urge more steps to revitalize domestic demand to sustain growth amid uncertainties

Thermal coal options started trading on the Zhengzhou Commodity Exchange (ZCE) in central China's Henan province Tuesday.

China imported 4.76mn t of coking coal in May, down by 23pc from 6.21mn t in April and down by 19pc from a year earlier.

The American Iron and Steel Institute’s (AISI) Board of Directors formally elected John Brett.