Continued supply tightness of ferrous scrap and higher overseas demand for Turkish rebar has limited the immediate-term downside for Turkish imported scrap prices despite a fall in local rebar demand in Turkey this week.

The seaborne thermal coal market is oversupplied by around 40mn t and a demand-supply imbalance could persist for much of this year as the Covid-19 pandemic dents economic activity.

Japan's auto sales fell in March for a sixth straight month.

Japan's electricity demand has slumped after a state of emergency was declared on 7 April to tackle the Covid-19 pandemic.

The US produced 7.2 Mt of crude steel in March 2020, a decrease of 6.0% compared to March 2019.

China's power output increased in the first half of April as many industries resumed operations.

The global steel industry is being impacted as our customers are hit by shutdowns.

The steel industry was affected by the virus in the first quarter of 2020.