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The trade volume from January to May totaled 172 billion yuan ($24.3 billion), an increase of 21.1 percent over the same period last year.

Oversupply concerns weigh heavily on the steel sector in China as some 80 million metric tons of fresh capacity will hit the market this year amid dwindling demand due to the COVID-19 epidemic, an industry expert said.

China iron and steel association (Cisa) member mills increased steel output to a record high in late July as stimulus and lockdown delays extended the construction season into late summer.

Future mining investment is expected to ease as a result of less work on iron ore and coal projects, along with the deferral of final investment decisions on some large LNG projects, Australia's central bank said.

By July 25, 2020, the cumulative export volume of Indonesian steel and iron ore in this year has reached 4 billion US dollars.

The Polish government and mining trade unions failed to agree on a plan to overhaul the country's thermal coal sector.

The Polish government and mining trade unions failed to agree on a plan to overhaul the country's thermal coal sector.

Japanese steel producers, mired in one of their biggest postwar crises, are likely to reveal their troubles have crept into the new fiscal year when they start reporting earnings this week.