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Tata Steel India reported sales of 2.92 million tonne of steel in Q1 FY21 against sales of 3.96 mt in Q1FY 20.

Indian steel industry’s gross spreads per tonne for both hot rolled coil (HRC) and rebar is expected to fall in the second quarter of FY21 with a further fall in steel prices due to oversupply, said India Ratings and Research in a sector report

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

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

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

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.

Sections prices have fallen as low as £430-440/t delivered, according to buy-side sources, despite rises in scrap and iron ore.