Analysts have said that due to pressure on steel prices, the third quarter could be the last good quarter for steelmakers before a long period of muted growth.
International benchmark spot gold prices were on track for their first weekly decline in three, but were still supported above the $1,300 an ounce level.
The European steel sector is navigating choppy waters as the car industry is slowing and pressure on oil prices has dampened demand from the oil equipment industry.
ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.
A Yancoal spokesman said that its Moolarben Coal complex had been directly impacted by the train derailment but that it was too early to advise of any potential impact to customers