In March, the production of raw coal was 395.79 million tons, a year-on-year increase of 14.8%.

Analysis said that the demand in April may be lower than expected, restraining the rise of steel prices.

Tangshan's crude steel output was 130 million tons in 2021, a year-on-year decrease of 9%.

In 2023 steel demand will see further growth of 2.2% to reach 1,881.4 Mt. The current forecast is subject to high uncertainty.

Mining production contracted by 6% y/y in February

Mineral Production Records 13.2 per cent Cumulative Growth

The Australian federal government plans to slow down the accelerated rate of power plant closures.

Previous estimates had the country's power demand showing growth of 2.7pc for 2022 and have now been readjusted to 1.7pc growth for this year over 2021.