Tata Steel Ltd has withdrawn its membership from the Indian Steel Association (ISA), an apex steel industry body.

Hoa Phat Group, the largest steel maker in Vietnam, exported over 20,000 tonnes of construction steel in April, up 17 percent year-on-year.

Concerns about Brazilian iron ore supply resurfaced among market participants this past week.

The average capacity utilisation was clocked at 38% for April 2020, the company said in a statement.

Automotive production in Brazil plunged in April due to massive shutdowns stemming from the Covid-19 pandemic.

Import prices for flat-rolled steel into South America were steady to slightly higher during the past week.

Tehran has imposed new limits on exports of Iranian steel, requiring exporters to secure export permission from the ministry of industry, mine and trade.

The European automotive sector has proposed a plan to help restart the crippled industry after Covid-19 lockdown restrictions are eased.