“The rebound of the Brazilian economy is already happening,” Usiminas chief executive officer Sergio Leite said at the event to celebrate the BF restart.

The decision to bring the capacities back is connected to the relining of a BF at ArcelorMittal Gent in Belgium, the company said.

US exports of hot-briquetted iron (HBI) continued to shift toward China in July to meet increased demand for metallics from the world's leading steelmaker.

Steel prices rose slightly from August 31 to September 6.

UK car sales drop in August after July rebound.

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

The launch of FerroHaat underlines Tata Steel’s commitment to foster trust, transparency and ease of doing business in the scrap industry, an official statement said.

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.