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In the week ending on June 20, 2020, domestic raw steel production was 1,224,000 net tons while the capability utilization rate was 54.6 percent.

Non-prime steel or second-grade steel is not tested as per the relevant standards specification.

Steel is one of the sectors forecast to benefit the most from the agreement.

Japan's biggest carmaker Toyota Motor will maintain domestic production cuts next month but expects its July car output to recover from June's low.

The construction of a major bridge over the Yarlung Zangbo River in southwest China's Tibet Autonomous Region completed closure on Saturday.

The company kept prices unchanged for all of its steel products in June for a second consecutive month.

He also said the company’s biggest customers were in the construction sector, which has been less hit by the pandemic than the auto industry.

Japan’s crude steel output for the year to March 2020 was 98.43 million tonnes, down 4.3% from a year earlier.