As January rolls off the trading calendar, RB1 levels are shifting down towards $85. However, 2021 looks to be a bumper year for SA coal exports.

As the mining sector undergoes significant technological shifts, exacerbated by the Covid-19 pandemic, a new report reveals an encouraging people-centric, Fourth Industrial Revolution- (4IR-) enabled approach to the modernisation of the sector.

Japan’s exports of scrap steel reached an 11-year high of 9.39 million tons in 2020, driven by increased demand from Bangladesh, Vietnam and Taiwan, according to Japan’s Ministry of Finance.

U.S. Steel Corp. recently bought the remaining 50.1% of Big River Steel. The acquisition cost $774 million, while U.S. Steel spent about $700 million when it acquired a 49.9% stake in Big River Steel in November 2019.

SSAB intends to be a fossil fuel-free company by 2045, and to supply its first fossil fuel-free steel to the market in 2026.

However, there needs to be sufficient capacity in both the EU and UK quotas for this interim solution to be utilised.

The materials weighing 3,002 tonnes were shipped from Japan to east China's Shanghai.

China's steel sector registered output expansion last year, industrial data showed.