China's factory-gate prices continue to fall in April.

Chinese steel mills are looking to gain a greater say in iron ore pricing by opting for yuan-denominated settlements, with a key deal concluded in the Chinese currency recently.

China extends anti-dumping duties on alloy-steel pipes from US, EU.

Mexican auto industry wants 17 May restart.

“Industrial activities (in China) are practically at their normal levels…Civil construction is also rising daily and steel and iron ore stocks are falling,” he said.

Japanese carmaker Toyota Motor has projected that its global car sales will fall by 22pc from a year earlier.

Japan's power demand in April fell compared with a year earlier, with the impact of the Covid-19 pandemic offsetting a weather-driven demand increase.

Cleveland-Cliffs expects its US steelmaking operations to begin normalizing over the second and third quarters, depending on automotive plant restarts.