This came as the Ethiopia's Consul General in Chongqing, China, Anteneh Tariku, held "a fruitful discussion" with Zhang Yong.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

"The government of Ethiopia encourages companies like CISDI Group, considering the potential of the construction sector in advancing the country's economy," Tariku added.

China Taiyuan coal transaction price index stood at 127.74 points Monday, down 0.16 percent week on week.

Italian power consumption has recovered slightly better than expected in the second half of this year, but the recent rise in Covid-19 cases could put an end to this trend.

Queensland shipped around 16.3mn t in October, according to initial shipping data compiled by Argus.

India’s top steelmakers complained their production for the quarter ended September was affected due to a shortage in availability of iron ore and several steel industry bodies have petitioned the commerce ministry to address the issue.

U.S. imported a total of 1,255,000 net tons (NT) of steel in September 2020.