Global steel production also registered a fall during the month under review, the data showed.

US coal exports fell from year-earlier levels in July as a drop in thermal coal shipments outweighed an increase in metallurgical volumes.

According to the data of Turkish Steel Manufacturers Association, Turkey’s crude steel output reached 3.1 million tons in July,2020, an increase of 7.5% year-on-year.

According to the Nigeria Attack reported in 1st Sep, Nigeria spends about $3.3 billion a year on steel imports, Nippon Minerals and Steel Development Minister Olamulcan Adibate said on Monday Aug.31.

As per the revised order, 38 blocks would be auctioned instead of previously announced 41.

Vietnam spent more than 5.6 billion U.S. dollars importing over 9.7 million tons of steel and iron in the first eight months of this year.

Baosteel expects China's vehicle production to drop 6% year on year to 24.2 million units in 2020, improving from a 11.8% year-on-year drop in January-July.

"These difficult conditions make the industry even more vulnerable to surges in imports."