The recent operation of China's largest coal-bed methane field in Qinshui county in Jincheng city has made the headlines of the energy industry in Shanxi province.

Posco's initiatives are in line with South Korea's hydrogen roadmap as the country aims to establish large-scale domestic and overseas production bases and achieve 7.1pc of clean hydrogen power generation by 2036.

The electric arc furnace (EAF)-based steelmaker announced the price decrease in a letter to customers on 29 November.

US third-quarter shipments to India almost trebled year on year to 1.7mn t. Shipments to Brazil were 27.3pc higher on the year, at 1.5mn t.

Community Union has written to UK prime minister Rishi Sunak urging him to "back Britain's steel industry".

North American steelmakers Nucor and ArcelorMittal Dofasco have joined others in raising sheet prices.

Despite this, the industrial structure of profits continue to improve, with the equipment manufacturing industry registering a rebound in profits for six consecutive months.

From the most to the least, energy is mainly consumed by the EU's industry sectors, transport, households, services and agriculture.