Ferrosilicon futures 2005 contract close at 5416 on Wednesday April 1.

JSW Steel has decided to scale down/ suspend production at its units in the wake of the global outbreak of novel Coronavirus (COVID-19).

Financial Express reported that Steel Authority of India has proposed to expand its capacity to 49.6 million tonnes per annum in its Vision 2030 programme.

United States Steel Corporation announced a series of aggressive and meaningful actions to provide greater certainty on the company’s response to impacts from the coronavirus COVID-19 and the sudden, significant changes in global oil and gas markets.

Indian domestic steel demand is likely to see a sharp dive in the first quarter of the coming fiscal due to stalled factories and production cutbacks across major user industries like auto and construction.

Through January to March, the ferrosilicon production was around 1.27 million tons.

Business Standard reported that the outbreak of the deadly Covid-19 pandemic has queered the pitch for seamless continuity in operations of 21 iron ore, manganese and chromite mines in Odisha.

Chongqing Iron & Steel (Group) saw an increase of 3.70% on revenue.