The unit's BF No 2 has been idle since July 2019, due to market conditions. The Tubarão complex's total capacity amounts to about 7.5 million tonne per year.

Financial Express reported that Steel Authority of India has proposed to expand its capacity to 49.6 million tonnes per annum in its Vision 2030 programme.

Business Standard reported that the outbreak of the deadly Covid-19 pandemic has queered the pitch for seamless continuity in operations of 21 iron ore, manganese and chromite mines in Odisha.

Ferrosilicon futures 2005 contract close at 5416 on Wednesday April 1.

The Ministry of Industry and Trade (MoIT) has extended the application of measures to prevent evasion of safeguard duties against imported rolled steel and steel wire until March 21, 2023, according to the ministry’s Trade Remedies Authority of Vietnam.

Ferrosilicon futures 2005 contract close at 5410 on Tuesday March 31.

The COVID-19 epidemic has affected the Vietnamese economy, including the construction sector.

Coronavirus: Steel ministry asks PSUs not to cut production.