Metals majors are staring at production cutbacks following the 21-day lockdown in the wake of the Covid-19 outbreak that has sharply shrunk demand.

The Ministry of Industry and Trade (MoIT) has extended the application of measures to prevent evasion of safeguard duties against imported rolled steel and steel wire until March 21, 2023, according to the ministry’s Trade Remedies Authority of Vietnam.

China steel price average index was103.34 in Jan-Feb, down by 3.3％ YoY. China steel price index was by February, 28, down by 5.71％ YoY.

European Union leaders have told the bloc's finance ministers to draw up new measures to tackle the economic impact of COVID-19.

Jingye Group sends aid to British plants.

I believe all these measures are necessary to optimize State-owned assets, as well as cut their heavy financial burden caused by outdated CSR obligations.

Data from Fuzhou human resources authority showed that around 80,000 people from Hubei province have jobs in the city, working mainly in the industries of electronics, textile and steel.

State Rep Abdullah Hammoud D-Dearborn, State Sens Stephanie Chang D-Detroit and Sylvia Santana D-Detroit are calling on Cleveland Cliffs to take all necessary measures to protect the safety and health of the workers immediately.