India's demand for steel contracted by 91% y-o-y in April 2020 with end user industries' like auto real estate and infrastructure that constitute 80% of demand, coming to a virtual standstill.

It also shipped abroad 180,000 tonnes of steel billets in the month, mainly to China.

JSW Steel is confident of completing the Bhushan Power and Steel acquisition even in the current state of economy ravaged by Covid.

An investigation is ongoing to establish the possible source of infection.

The American Iron and Steel Institute (AISI) reported that for the month of March 2020, U.S. steel mills shipped 7,802,192 net tons.

Mexican auto industry wants 17 May restart.

India has set up a project monitoring unit to speed up the development of coal mines and raise domestic output, as part of its broader aim to cut imports.

“Industrial activities (in China) are practically at their normal levels…Civil construction is also rising daily and steel and iron ore stocks are falling,” he said.