Indonesia strengthens local iron, steel industry to reduce imports.

Union Steel Minister seeks Japanese investment in fast-growing Indian steel market.

Vietnam’s Steel industry forecast to grow by 6-8 percent in 2020.

China province to close 10 mln tonnes of coal capacity in 2020.

The move aims to protect the Thai domestic manufacturing sector.

During the month, the country splashed out 570.07 million USD on steel purchases, decreasing 28.8 percent from the same period last year.

Iron ore prices have fallen 8.6% over the past five trading sessions despite supply tightening due weather events crimping exports from key exporters Australia and Brazil, latest data showed Monday.

Mr Miyamoto said that another worry is higher prices of raw materials.