The share sale breaks a months-long drought for large offerings in Hong Kong.

Based in Perth, Peter Nicholson will lead origination, transaction evaluation, due diligence and structuring.

Workers are seeking a 47% increase in wages, while Coal India has offered a 3% raise.

Posco will start construction on the plant on Wednesday, with an initial price tag of $43 million.

Commodity trading houses have seen earnings climb as they capitalize on wild swings in prices and arbitrage opportunities.

Energy crises and central bank moves to crush inflation present powerful headwinds across markets, underscored by copper’s collapse Friday below $8,000 a ton.

"It's not just China where steel output is under pressure," said Warren Patterson, head of commodities strategy at ING.

India has raised its basic import duty on gold to 12.5% from 7.5% as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit.