Eastern China (Shanghai): 3,520-3,550 yuan ($493-498) per tonne, down by 20 yuan per tonne.

Steelmaker ArcelorMittal is to receive a €75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.

CIS export slab prices have continued to climb in the second half of May, supported by Turkish customers accepting higher-priced deals.

The Singapore rebar import market is still experiencing limited spot trading despite the gradual restart of the domestic construction industry.

April global steel output drops 13% on year hit by coronavirus pandemic.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 137.1 million tonnes (Mt) in April 2020, a 13.0% decrease compared to April 2019.

US Steel said it is raising its US flat-rolled steel spot pricing by $40/st effective immediately, without mentioning any target base prices.

ArcelorMittal has halted output at its Bosnia steel plant and at mines that supply it with iron ore for 10 days.