In a nutshell: . ANGLO AMERICAN (+): Coal sale - positive first step in restructuring . STEEL CHINA: Production down, inventories up WoW . STEEL EU: Unions at Liberty Steel''s Dudelange call for EU intervention Daily Prices as of November 22th / PRICE MOVERS . MACRO/COMMODITY WRAP: US dollar dropped after the selection of Scott Bessent as the next Treasury Secretary, underscoring the relief over the nomination. Bessent, a Wall Street veteran, has called for a gradual approach to implement trade restrictions and has appeared open to negotiation on the exact size of tariff. Base metals traded mostly higher on the SHFE this morning amid softer dollar; copper +0.3%, zinc +0.1%, aluminium +0.3%, nickel +0.8%. Rio Tinto (+) has lifted the force majeure at its Gladstone alumina refineries in Queensland, Australia. The market reaction to the lifting was muted given RIO had been delivering tonnes for several months from Gladstone. In its 3Q24 report, the company said gas supplies in the region were back to 95% of its total requirement and that full supply was expected to be achieved by the end of 2024. Iron ore futures ticked higher this morning on the DCE (+0.8%) and SGX (+1.6%), supported by restocking activity from Chinese steel mills and the announcement of the next US treasury secretary. Gold (USD 2,670/oz) dropped on Monday, weighed down by profit-taking after a five-session rally, with focus shifting their attention to the Fed upcoming interest-rate decision. Traders currently see a 56% chance of another 25bp rate cut in December, compared to 62% last week. . Macro data this week: FOMC releases its meeting minutes on Tuesday; US board consumer confidence Nov (cons. 112.0) also on Tuesday; US durable goods orders Oct (cons. +0.3% m/m) and US core PCE deflator (cons. +2.8% y/y) on Wednesday; Eurozone CPI Nov (cons. +2.3% y/y) on Friday. . STEEL CHINA - Production down, inventories up WoW: CISA production run rate for the second ten days of...