Sections prices have fallen as low as £430-440/t delivered, according to buy-side sources, despite rises in scrap and iron ore.

US coking coal prices held mostly steady at the end of this week, with European demand muted for the third quarter.

Chinese-Australian coal firm Yancoal expects to produce 38mn t of saleable coal in 2020.

Japan's iron ore imports fell further in June, as domestic steel mills maintained output cuts under pressure from lower manufacturing sector demand because of the Covid-19 pandemic.

Trade unions in the UK suggest they will not allow the end of blast furnace steel production.

UK-Australian mining company BHP has maintained its iron ore production guidance at 276mn-286mn t in the July 2020 to June 2021 financial year.

China Taiyuan coal transaction price index stood at 126.08 points Monday, up 0.06 percent week on week.

According to Tianjin Customs, in the first half of this year, a total of 37.859 million tons of iron ore were imported at Tianjin port.