Iron and steel export volume hit 858 tonnes, up 17-fold, while value surged 18 times annually to 1.27 million USD.

Tata Steel Ltd has withdrawn its membership from the Indian Steel Association (ISA), an apex steel industry body.

Private steel player Jindal Steel and Power Ltd (JSPL) has said its consolidated crude steel production remained flat at 6.5 lakh tonne (LT) during April 2020.

The average capacity utilisation was clocked at 38% for April 2020, the company said in a statement.

Import prices for flat-rolled steel into South America were steady to slightly higher during the past week.

"Moreover, we intend to export 5,000-8,000 tonnes of ferro-silicon this year to North America."

Automotive production in Brazil plunged in April due to massive shutdowns stemming from the Covid-19 pandemic.

Concerns about Brazilian iron ore supply resurfaced among market participants this past week.