China's manufacturing purchasing managers' index (PMI) rose to 51.1pc in July from June's 50.9pc.

Integrated steelmaker US Steel will keep its two remaining idled blast furnaces down for the rest of 2020.

Qu Xiuli was elected as Secretary General of China Iron and Steel Association.

China's official purchasing managers' index (PMI) for the manufacturing sector rose to a four-month high in July, indicating that the sector accelerated recovery from the COVID-19 epidemic.

Growth comes with pandemic controls, favorable economic and social policies.

HRC import prices into Houston were flat at $460/st ddp.

Indian steel industry’s gross spreads per tonne for both hot rolled coil (HRC) and rebar is expected to fall in the second quarter of FY21 with a further fall in steel prices due to oversupply, said India Ratings and Research in a sector report

Tata Steel India reported sales of 2.92 million tonne of steel in Q1 FY21 against sales of 3.96 mt in Q1FY 20.