European steelmakers don't expect any immediate renegotiations of their energy supply contracts, even though oil prices have tumbled 45% since the start of the year and energy prices are at multi-year lows in markets overshadowed by coronavirus, industry assoc...

According to the China Association of Automobile Manufacturers, Chinese auto sales in February plunged 79.1% year on year to only 310,000 units.

US Federal Reserve announced that it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing entailing USD 700 billion worth of asset purchases of Treasurys and mortgage-backed securities.

The European Steel Association has greeted the release of the Circular Economy Action plan.

ArcelorMittal has called for member states and MEPs to support the introduction of a carbon border adjustment.

Manufacturers are exploring alternatives to fulfil their supply chain demands but that would also take a substantial amount of time to reach stable production scale as these components would need regulatory testing, reiterated Mr Wadhera.

In view of COVID-19 being reported in several cities, Tata Steel has been decided to suspend all domestic travel on company business with immediate effect as a measure of abundant precaution.

Ferrosilicon futures 2005 contract close at 5608 on Tuesday March 17.