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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.

It anticipates that it will take some time for crude steel production levels to return to historical levels or planned levels of 2020.

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

In the first five months, coal imports rose by 16.8 percent to hit 149 million tonnes.

India’s Directorate General of Trade Remedies has recommended imposition of anti-dumping duties on tin milled flat rolled steel products.

State companies ink big-ticket deals with province to help revive local economy.

China will continue to reduce its outdated production capacity of coal and steel this year, the country's top economic planner said Thursday.

Indian Prime Minister Narendra Modi on Thursday launched the auction process of 41 coal blocks for commercial mining, through a video-conference from New Delhi, said an official statement.