Indian private-sector producer Tata Steel expects a better year for steel demand on the back of infrastructure and automobile sector growth but said there is "some fragility" in the international markets.

Finished steel production rose by 3.7pc on the year to 9.98mn t, while consumption picked up by 7.2pc to 9.88mn t over the same period.

Tata Steel is considering shutting down its UK operations if the government does not provide adequate funding support for the decarbonisation transition project.

The plant will have a designed capacity of 2.5 million tons of direct reduced iron and 1.5 million tons of thick plate annually.

The complex is expected to advance the regional steel industry ecosystem with an estimated annual production capacity of up to 1.5 million tons.

After almost 52 years of operation, the Liddell Power Station, located in the Australian state of New South Wales(NSW), was powered down on Friday.

The country's hard coal consumption jumped by 19 percent and 10 percent, respectively, in 2021 and 2022.

China's major steel companies produced less pollution during the first quarter of 2023, according to data from the China Iron and Steel Association.