AISI announced that in the week ending on May 2, 2020, domestic raw steel production was 1,144,000 net tons.

As expected, as per media reports, the Indian automotive industry has seen its worst month ever as zero units have been sold in April 2020.

April data pointed to an unprecedented contraction in Indian manufacturing output.

Affected by the coronavirus, European steel enterprises will face a 75% reduction in new orders, according to Eurofer.

Economists expect China to emphasize poverty fight, jobs and survival of companies.

China Baowu to build steel convention and exposition center.

Decline forecasted due to excessive global output and cheap scrap metal.

During the FY 2019-20, SAIL has also achieved the best ever annual sales of 14.5 million tonnes with a growth of 2.8% over FY 2018-19.