It anticipates that it will take some time for crude steel production levels to return to historical levels or planned levels of 2020.

He also said the company’s biggest customers were in the construction sector, which has been less hit by the pandemic than the auto industry.

State companies ink big-ticket deals with province to help revive local economy.

United States Steel Corporation has provided second quarter 2020 guidance and an update on its latest liquidity requirements for the remainder of the year.

China will continue to reduce its outdated production capacity of coal and steel this year, the country's top economic planner said Thursday.

Domestic prices for heavy steel place in Europe have been fairly stable over the week, but some mills have started to increase offers due to higher production costs, sources told Fastmarkets on Wednesday June 17.

Flat steel product shipments from EU steel service centers fell by 18.5% in January-April from the same 2019 period.

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