Iron and steel export volume hit 858 tonnes, up 17-fold, while value surged 18 times annually to 1.27 million USD.

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

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

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

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

Japan's manufacturing sector is beginning a slow return to normal after Tokyo today eased Covid-19 restrictions in parts of the country.

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

Baosteel Co., Ltd.: in 2019, its operating revenue reached 291.594 billion yuan (about US $41.2 billion).