In the week ending on June 20, 2020, domestic raw steel production was 1,224,000 net tons while the capability utilization rate was 54.6 percent.

Non-prime steel or second-grade steel is not tested as per the relevant standards specification.

One rail line was re-opened at 03:00 local time this morning but there is no firm restart date planned for the second line, a spokesman for TFR said.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019.

Japan's biggest carmaker Toyota Motor will maintain domestic production cuts next month but expects its July car output to recover from June's low.

Steel is one of the sectors forecast to benefit the most from the agreement.

The 2009 ferrosilicon contract price on ZCE closed at 5954 yuan per ton on June 23.

The construction of a major bridge over the Yarlung Zangbo River in southwest China's Tibet Autonomous Region completed closure on Saturday.