Vietnamese industrial production was greatly affected by COVID-19 in the first half of 2020 but has gradually bounced back since May, according to the General Statistics Office (GSO).

India Ratings and Research’s in latest report said that domestic gross spreads per tonne, realisation per tonne of steel minus raw material cost per tonne of steel.

Iron ore prices are expected to soften from current high levels in the July-September quarter.

The supply and demand dynamics in China's steel market look set to remain in balance over the second half of 2020 as its steel capacity expansion has slowed.

Analysts said the country should ramp up its efforts to revitalize domestic demand to sustain the improvement in industrial earnings amid mounting uncertainties.

Analysts urge more steps to revitalize domestic demand to sustain growth amid uncertainties

China imported 4.76mn t of coking coal in May, down by 23pc from 6.21mn t in April and down by 19pc from a year earlier.

The American Iron and Steel Institute’s (AISI) Board of Directors formally elected John Brett.