Shanxi-based TISCO, which has an annual capacity of 12.94 million tons, is a global leader in stainless steel.

In the week ending on August 15, 2020, domestic raw steel production was 1,377,000 net tons while the capability utilization rate was 61.5 percent.

The American Iron and Steel Institute (AISI) announced the release of its 2019 Annual Statistical Report (ASR) on August 12, 2020.

On August 14, Liugang shares announced that they are planning to increase the capital by cash according to the legal procedures for Guangxi Liuzhou Iron and Steel Group Co., Ltd.

China's producer prices continued to fall in July but the decline has kept narrowing as economic activities recovered amid effective epidemic control in the country, official data showed Monday.

Oversupply concerns weigh heavily on the steel sector in China as some 80 million metric tons of fresh capacity will hit the market this year amid dwindling demand due to the COVID-19 epidemic, an industry expert said.

The trade volume from January to May totaled 172 billion yuan ($24.3 billion), an increase of 21.1 percent over the same period last year.

China iron and steel association (Cisa) member mills increased steel output to a record high in late July as stimulus and lockdown delays extended the construction season into late summer.