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.

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

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

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

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

Kevin Dempsey has taken over as interim chief executive at the steel industry's trade group, the American Iron and Steel Institute (AISI).

The German government agreed to support the country's steel industry in its long-term transition to low-carbon production, the German Ministry for Economic Affairs and Energy (BMWi) announced on Wednesday.