Urals-based MMK sold 5pc less steel in 2020, reaching 10.8mn t, of which 4.3mn t was hot-rolled coil (HRC), down by 3.8pc on the year.

The last increase was on 8 January, making this the fifth offer hike since mid-November last year of a total of €200/t.

The mining industry remains an important sector for employment, federal Minister for Resources, Water and Northern Australia Keith Pitt said, pointing to a big increase in the number of Australians employed in the sector.

India¡¯s state-owned manganese ore company Moil increased the price of manganese ore shipped from February to March by 5% compared with January, in line with the rise in global manganese ore prices.

ASX-listed Nickel Mines has completed the first stage of its investment in the Angel nickel project, in Indonesia, acquiring a 30% interest, making plans to increase its ultimate shareholding from 70% to 80%.

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.