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

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

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

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.

American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,792,000 net tons (NT) of steel in May 2020.

Miner BHP and China Baowu Steel Group, the world's largest steel producer, have completed a first iron ore trade on MineHub.

Adjusted year-to-date production through June 27, 2020 was 39,165,000 net tons, at a capability utilization rate of 67.0 percent.