The 1,500th train this year entered the port around 9:45 am on Friday on its journey to Russia from the eastern Chinese city of Hefei.

In the week ending on September 5, 2020, domestic raw steel production was 1,428,000 net tons while the capability utilization rate was 63.7 percent..

AISI reported yesterday that steel import permit applications for the month of August totaled 1,394,000 net tons (NT)*.

The decision to bring the capacities back is connected to the relining of a BF at ArcelorMittal Gent in Belgium, the company said.

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.

Thermal coal prices for South Korea edged higher this week.

“The rebound of the Brazilian economy is already happening,” Usiminas chief executive officer Sergio Leite said at the event to celebrate the BF restart.

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