Activity in the European HRC market has remained slow this week due to ample stocks among distributors and persistently weak demand from end consumers.

More than 50,000 5G base stations are expected to be built in Hubei province this year, covering all urban areas of Wuhan, the capital city of the province, Changjiang Times reported.

China steel futures open lower.

China steel futures close lower.

From the perspective of demand, in June, the Southern region ushered in the rainy season, with rainstorms and floods in many places.

The UK economy suffered its biggest monthly contraction on record in April, with the country's GDP shrinking by a fifth during the first full month of its Covid-19 lockdown.

Japan's Tokyo Steel announced its sixth increase for ferrous scrap prices this month, effective on 13 June, as its previous rises failed to boost scrap flow to some mills.

As China undergoes a recovery, its rising demand could further stimulate its imports of ASEAN member economies' commodities and manufactured goods, including integrated circuits, agricultural products, natural rubber, iron ore, coal and copper in the second ha...