Hoa Phat Group, the largest steel maker in Vietnam, exported over 20,000 tonnes of construction steel in April, up 17 percent year-on-year.

Tata Steel Ltd has withdrawn its membership from the Indian Steel Association (ISA), an apex steel industry body.

This growth was led by a ramp up of Tata Steel BSL and acquisition of Usha Martin steel business by Tata Steel Long Products in April 2019.

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

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

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

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

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