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“Chinese steel producers are keen to buy more US coking coal to replace Australian cargoes blocked by import curbs, giving the first significant boost to this trade flow since China imposed retaliatory tariffs on US coal in 2018.

The strong economic data boosted sentiment even further in the iron ore market.

Among them, the number of outbound trains during the period was 1,023, up 54.3 percent year-on-year, while 1,135 inbound trains were recorded, up 52.6 percent, according to China Railway Hohhot Group.

Among them, the number of outbound trains during the period was 1,023, up 54.3 percent year-on-year, while 1,135 inbound trains were recorded, up 52.6 percent, according to China Railway Hohhot Group.

China's benchmark power coal price rose slightly during the past week.

The 2101 ferrosilicon contract price on ZCE closed at 6628 yuan per ton on December 9.

JSW Steel reports 3% rise in November crude steel production, utilisations flat due to iron ore shortage

China's steel industry must adhere to high-quality development because it is faced with both opportunities and challenges due to domestic and external environment conditions.