Indian private-sector utility JSW Energy has terminated a proposed deal to acquire a coal-fired power plant in east India citing "continued uncertainty" amid the Covid-19 pandemic.

The 1.56mn metric ton (t)/yr blast furnace at Indiana Harbor was idled in March as the US economy shut down because of the Covid-19 pandemic.

Integrated steelmaker US Steel will keep its two remaining idled blast furnaces down for the rest of 2020.

China's manufacturing purchasing managers' index (PMI) rose to 51.1pc in July from June's 50.9pc.

China's manufacturing purchasing managers' index (PMI) rose to 51.1pc in July from June's 50.9pc.

Qu Xiuli was elected as Secretary General of China Iron and Steel Association.

Growth comes with pandemic controls, favorable economic and social policies.

China's official purchasing managers' index (PMI) for the manufacturing sector rose to a four-month high in July, indicating that the sector accelerated recovery from the COVID-19 epidemic.