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

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

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.

India’s Directorate General of Trade Remedies has recommended imposition of anti-dumping duties on tin milled flat rolled steel products.

It anticipates that it will take some time for crude steel production levels to return to historical levels or planned levels of 2020.

Japan’s crude steel output for the year to March 2020 was 98.43 million tonnes, down 4.3% from a year earlier.

He also said the company’s biggest customers were in the construction sector, which has been less hit by the pandemic than the auto industry.

Lleading UK based structural steel group Severfield plc announced its results for the 12 month period ended 31 March 2020.