Private steel player Jindal Steel and Power Ltd (JSPL) has said its consolidated crude steel production remained flat at 6.5 lakh tonne (LT) during April 2020.

Hoa Phat Group, the largest steel maker in Vietnam, exported over 20,000 tonnes of construction steel in April, up 17 percent year-on-year.

Tata Steel Ltd has withdrawn its membership from the Indian Steel Association (ISA), an apex steel industry body.

Concerns about Brazilian iron ore supply resurfaced among market participants this past week.

Import prices for flat-rolled steel into South America were steady to slightly higher during the past week.

The average capacity utilisation was clocked at 38% for April 2020, the company said in a statement.

Automotive production in Brazil plunged in April due to massive shutdowns stemming from the Covid-19 pandemic.

The European automotive sector has proposed a plan to help restart the crippled industry after Covid-19 lockdown restrictions are eased.