Shipments by stockholders and distributors of EU multi-product & proximity steel, including long steel construction products, fell 8.7% in January-April from the year-ago period, with only rebar shipments increasing, Eurometal said.

SSAB’s operating result for the second quarter of 2020 was SEK -251 million.

Blast Furnace 5 reached the end of its useful life and was idled, decision on its further use pending.

Jindal Steel & Power Limited has posted a robust set of numbers during the quarter led by higher volumes.

The No 8 BF was temporarily idled in mid-March amid lower demand resulting from the coronavirus pandemic and related automotive production stoppages.

Sections prices have fallen as low as £430-440/t delivered, according to buy-side sources, despite rises in scrap and iron ore.

Trade unions in the UK suggest they will not allow the end of blast furnace steel production.

A new manufacturing plant for antibody-drug conjugates and resistant products topped out recently in the Benxi High-tech Zone.