China imported a record 112.65 million metric tons of iron ore in July, up 24 percent on a yearly basis, said CNBC.

NLMK Lipetsk (Novolipetsk Steel,NLMK) has embarked on a project to construct a new continuous hot dip galvanizing line HDGL-5 with a capacity of 450,000 tonnes of steel per year.

The U.S. trade representative's office said that the U.S. is taking additional measures to limit the import of steel from Mexico and Brazil in the face of domestic market difficulties caused by the COVID-19 on Monday.

Electrical steel is vital for its use in the stators and rotors in the motor of an electric vehicle.

Thanks to the implementation of supply-side reforms, the pattern of supply and demand in the steel sector in China has improved since 2016.

The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 830.12 points on Wednesday, up 1.71 percent compared with the previous working day.

Xinjiang cuts over 30 bln kWh coal-fired power in new energy trade since 2016.

Move to spur industry consolidation and further boost supply-side reforms.