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Import prices for flat-rolled steel into South America were steady to slightly higher during the past week.

Automotive production in Brazil plunged in April due to massive shutdowns stemming from the Covid-19 pandemic.

Tehran has imposed new limits on exports of Iranian steel, requiring exporters to secure export permission from the ministry of industry, mine and trade.

The European automotive sector has proposed a plan to help restart the crippled industry after Covid-19 lockdown restrictions are eased.

Japan's manufacturing sector is beginning a slow return to normal after Tokyo today eased Covid-19 restrictions in parts of the country.

According to the 2019 annual report of HBIS Group, in 2019, its operating revenue reached 121.5 billion yuan (about $17.2 billion).

Baosteel Co., Ltd.: in 2019, its operating revenue reached 291.594 billion yuan (about US $41.2 billion).

Angang Steel Co., Ltd.: in 2019, its operating revenue was 105.587 billion yuan (about 14.9 billion US dollars).