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.

“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.