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US hot-rolled coil index plunges on fears of long-term Covid-19 demand destruction.

EUROPE HRC: Import offers slide further, adding pressure on domestic prices.

Rio Tinto (ASX:RIO) is introducing new measures at its Pilbara operations in Western Australia to combat the coronavirus.

Import prices for steel slab in Southeast Asia and East Asia tumbled further over the past week with the Covid-19 pandemic continuing to sap demand in the region.

GULF FLAT STEEL IMPORTS: Prices stable, demand very weak.

China Taiyuan coal transaction price index stood at 131.11 points Monday, down 0.8 percent week on week.

Despite the severe hit seen by the COVID-19 outbreak, the Chinese steel sector is showing signs of recovery in the second quarter, industry experts said, prompted by rising demand from the orderly resumption of production and business across the country.

China's resumption of production has been accelerating with the jump of highway freight nationwide.