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.

German conglomerate Thyssenkrupp to scrap 3,000 steel jobs.

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

Metals majors are staring at production cutbacks following the 21-day lockdown in the wake of the Covid-19 outbreak that has sharply shrunk demand.

Coronavirus: Steel ministry asks PSUs not to cut production.

JSW Steel, one of the country's largest private steel companies, has decided to scale down/ suspend production at its units in the wake of the global outbreak of novel Coronavirus (COVID-19).

European Union leaders have told the bloc's finance ministers to draw up new measures to tackle the economic impact of COVID-19.