In the week ending on May 10, 2020, the steel products price showed a minor recovery.

The 2009 ferrosilicon contract price on ZCE closed at 5834 yuan per ton on May 13.

Mexican auto industry wants 17 May restart.

China extends anti-dumping duties on alloy-steel pipes from US, EU.

China's factory-gate prices continue to fall in April.

Chinese steel mills are looking to gain a greater say in iron ore pricing by opting for yuan-denominated settlements, with a key deal concluded in the Chinese currency recently.

Japanese carmaker Toyota Motor has projected that its global car sales will fall by 22pc from a year earlier to 7mn units during the April 2020-March 2021 fiscal year on expectations that the global car market will bottom out during April-June.

In early May, key steel mills produced 20.5169 million tons of crude steel, 18.4871 million tons of pig iron.