China's imports of both semi-finished and finished steel products surged in April.

With strong industrial and network advantages, a national-level industrial internet identification system was launched in Hubei province last year, and it was also the only one in the Central China region, Lv said.

Flat steel product shipments from EU steel service centers fell by 18.5% in January-April from the same 2019 period.

The 2009 ferrosilicon contract price on ZCE closed at 6078 yuan per ton on June 18.

Activity in the European HRC market has remained slow this week due to ample stocks among distributors and persistently weak demand from end consumers.

Domestic prices for heavy steel place in Europe have been fairly stable over the week, but some mills have started to increase offers due to higher production costs, sources told Fastmarkets on Wednesday June 17.

The country saw its largest spike in Covid-19 cases on Sunday June 14 at 11,929 cases, according to local media reports.

More than 50,000 5G base stations are expected to be built in Hubei province this year, covering all urban areas of Wuhan, the capital city of the province, Changjiang Times reported.