JFE Steel announced its decision to idle part of its steel plate manufacturing operations in Japan on account of falling steel demand and faltering global economic growth situation.
Lao exports to China continue to flow as normal despite the novel coronavirus outbreak in China, Lao news daily the Vientiane Times reported last Tuesday.
The HBIS Group, one of the world's largest steelmakers based in northern China's Hebei province, has imported iron ore from the Brazilian mining giant Vale in use of RMB clearing.