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

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

IMPALA Platinum (Implats) said refined platinum group metal (PGM) production would come in at the lower end of its three to 3.15 million ounce forecast for the 2023 financial year ended June 30 largely owing to power interruptions.

Indian bread and biscuits maker Britannia Industries Ltd on Friday reported a bigger-than-expected 47% jump in quarterly profit as strong demand and past price hikes helped expand margins.

Thanks to the digitalization of the coal industry, miners no longer need to enter the deep mineshafts via walking or riding on a small, outdated train.

All these factors will support a surge in steel consumption in the third and fourth quarters of this year, the VSA added.