"More closures would be necessary, as demand shows little sign of recovery," said one US mining firm.

The 2009 ferrosilicon contract price on ZCE closed at 5708 yuan per ton on April 22.

Indonesia’s manufacturing industry kept positive growth at 10.11 percent in the first quarter of 2020 amid the pressure caused by the COVID-19 pandemic.

Integrated steelmaker ArcelorMittal is taking a planned outage at one of the blast furnaces at its Burns Harbor mill.

In the week ending on April 18, 2020, domestic raw steel production was 1,277,000 net tons while the capability utilization rate was 57.0 percent.

Those products enjoyed high export revenues in 2019.

Steel Authority of India Ltd (SAIL) ramped up iron ore production and dispatch to 29.26 million tonne (mt) and 29.43 mt in 2019-20.

Indian state-run steel maker RINL has shut down two blast furnaces at its Visakhapatnam plant.