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United Arab Emirates producer Conares Steel has increased its rebar price to 1,774 dirhams ($483) per tonne ex-works, from the previous month’s level of 1,690 dirhams per tonne ex-works.

The country saw its largest spike in Covid-19 cases on Sunday June 14 at 11,929 cases, according to local media reports.

About 130 employees are being recalled for the startup, Panzeri said.

China's imports of both semi-finished and finished steel products surged in April.

Flat steel product shipments from EU steel service centers fell by 18.5% in January-April from the same 2019 period.

More than 50,000 5G base stations are expected to be built in Hubei province this year, covering all urban areas of Wuhan, the capital city of the province, Changjiang Times reported.

China steel futures open lower.

China steel futures close lower.