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.

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.

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

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

Tehran has imposed new limits on exports of Iranian steel, requiring exporters to secure export permission from the ministry of industry, mine and trade.

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

Japan's manufacturing sector is beginning a slow return to normal after Tokyo today eased Covid-19 restrictions in parts of the country.