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The unit's BF No 2 has been idle since July 2019, due to market conditions. The Tubarão complex's total capacity amounts to about 7.5 million tonne per year.

Financial Express reported that Steel Authority of India has proposed to expand its capacity to 49.6 million tonnes per annum in its Vision 2030 programme.

Business Standard reported that the outbreak of the deadly Covid-19 pandemic has queered the pitch for seamless continuity in operations of 21 iron ore, manganese and chromite mines in Odisha.

The Ministry of Industry and Trade (MoIT) has extended the application of measures to prevent evasion of safeguard duties against imported rolled steel and steel wire until March 21, 2023, according to the ministry’s Trade Remedies Authority of Vietnam.

The COVID-19 epidemic has affected the Vietnamese economy, including the construction sector.

Coronavirus: Steel ministry asks PSUs not to cut production.

German conglomerate Thyssenkrupp to scrap 3,000 steel jobs.

Metals majors are staring at production cutbacks following the 21-day lockdown in the wake of the Covid-19 outbreak that has sharply shrunk demand.