Japanese carmaker Toyota Motor has projected that its global car sales will fall by 22pc from a year earlier to 7mn units during the April 2020-March 2021 fiscal year on expectations that the global car market will bottom out during April-June.

In early May, key steel mills produced 20.5169 million tons of crude steel, 18.4871 million tons of pig iron.

Ferrosilicon tender notice of May, 2020 (05/08/2020).

Ferrosilicon tender notice of June, 2020 (05/08/2020).

Ferrosilicon tender price in May of HBIS Group up by 120 yuan per ton.

“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.

Cleveland-Cliffs expects its US steelmaking operations to begin normalizing over the second and third quarters, depending on automotive plant restarts.

Japanese carmaker Toyota Motor has projected that its global car sales will fall by 22pc from a year earlier.