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The government is seeking to raise at least R$2,6bn ($480mn) from the sales, but it has not yet defined the target values for all projects.

The No 8 BF was temporarily idled in mid-March amid lower demand resulting from the coronavirus pandemic and related automotive production stoppages.

Trade unions in the UK suggest they will not allow the end of blast furnace steel production.

Jindal Steel & Power Limited has posted a robust set of numbers during the quarter led by higher volumes.

China's Tianjin port saw iron ore imports rise 13.6 percent year-on-year to around 37.86 million tons in the first half of this year, according to Tianjin Customs.

China's benchmark power coal price dropped slightly during the past week.

SSAB’s operating result for the second quarter of 2020 was SEK -251 million.

Blast Furnace 5 reached the end of its useful life and was idled, decision on its further use pending.