US Federal Reserve announced that it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing entailing USD 700 billion worth of asset purchases of Treasurys and mortgage-backed securities.

European steelmakers don't expect any immediate renegotiations of their energy supply contracts, even though oil prices have tumbled 45% since the start of the year and energy prices are at multi-year lows in markets overshadowed by coronavirus, industry assoc...

Manufacturers are exploring alternatives to fulfil their supply chain demands but that would also take a substantial amount of time to reach stable production scale as these components would need regulatory testing, reiterated Mr Wadhera.

The European Steel Association has greeted the release of the Circular Economy Action plan.

According to the China Association of Automobile Manufacturers, Chinese auto sales in February plunged 79.1% year on year to only 310,000 units.

Angang high end pressure vessel steel settled in Huanqiu again

ferro-alloys.com:US steel production not smashed by Coronavirus

ferro-alloys.com:Steel output of China from Jan-Feb increases 3.1% in spite of coronavirus interruptions