US exports of hot-briquetted iron (HBI) continued to shift toward China in July to meet increased demand for metallics from the world's leading steelmaker.

“We are recovering in the automotive sector, but manufacturing products have low demand- particularly for white goods going abroad,” the source said.

Steel prices rose slightly from August 31 to September 6.

UK car sales drop in August after July rebound.

The launch of FerroHaat underlines Tata Steel’s commitment to foster trust, transparency and ease of doing business in the scrap industry, an official statement said.

Global steel production also registered a fall during the month under review, the data showed.

According to the data of Turkish Steel Manufacturers Association, Turkey’s crude steel output reached 3.1 million tons in July,2020, an increase of 7.5% year-on-year.

According to the Nigeria Attack reported in 1st Sep, Nigeria spends about $3.3 billion a year on steel imports, Nippon Minerals and Steel Development Minister Olamulcan Adibate said on Monday Aug.31.