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Weak Polish thermal coal imports early in 2021 could tighten availability of fine grades, which until recently were oversupplied in the country.

China imported 3.57mn t of coking coal last month, down by 4pc from 3.72mn t in November.

China's transport ministry is expecting a big fall in travel during the lunar new year period.

The country produced 30.14mn t of crude stainless steel in 2020, up by 2.51pc from 2019.

China also added a net 1.2GW of nuclear capacity to 49.9GW, 12.1GW of hydro to 370.2GW and 55.6GW of thermal capacity to 1,245GW.

The Argus weekly domestic US HRC index was flat at $1,200/st ex-works Midwest last week. Lead times fell to 7-8 weeks from 8-9 weeks.

Japan's coking coal imports rose in December to an eight-month high on increased shipments from Indonesia, underpinned by the strong recovery of Japan's steel industry.

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