Ferrosilicon futures 2005 contract close at 5410 on Tuesday March 31.

Metals majors are staring at production cutbacks following the 21-day lockdown in the wake of the Covid-19 outbreak that has sharply shrunk demand.

JSW Steel, one of the country's largest private steel companies, has decided to scale down/ suspend production at its units in the wake of the global outbreak of novel Coronavirus (COVID-19).

The Ministry of Industry and Trade (MoIT) has extended the application of measures to prevent evasion of safeguard duties against imported rolled steel and steel wire until March 21, 2023, according to the ministry’s Trade Remedies Authority of Vietnam.

China steel price average index was103.34 in Jan-Feb, down by 3.3％ YoY. China steel price index was by February, 28, down by 5.71％ YoY.

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