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Anglo American expects 2-3mln-tonne hit to Kumba iron ore ops this year

Anglo American is expecting a production impact of 2-3 million tonnes at its Kumba iron ore operations in 2020, following a decision to operate with around half of its workforce during a 21-day lockdown in South Africa that started this week.

Thursday, April 2, 2020

EUROPE REBAR: Prices up in South on limited availability, steady in North

Domestic prices for steel rebar were unchanged in Northern Europe but slightly up in Southern Europe because of an increase in trading in Italy.

Thursday, April 2, 2020

Vale looks to again increase production at Brucutu

Brazilian miner Vale is seeking alternatives to waste disposal at its Brucutu iron ore mine to produce at 80% capacity this year.

Thursday, April 2, 2020

DAILY SCRAP REPORT: Covid-19 outbreak keeps market quiet

Turkish steel producers remained quiet in the deep-sea scrap import markets while suppliers were unwilling to sell at current price levels, sources said on Wednesday April 1.

Thursday, April 2, 2020

CIS STEEL BILLET: Daily index price lowest since October 2016

Prices in the CIS export billet market continued to slide on Wednesday April 1, in line with lower bids received amid the reduced trading activity.

Thursday, April 2, 2020

JSW Steel suspends, scales down production units amid Indian lockdown

India’s JSW Steel expects a significant reduction in its capacity utilization rates during the country’s 21-day lockdown following its move to suspend or scale down operations across various locations, it said on Thursday March 26.

Thursday, April 2, 2020

Indian steel demand headed for a slump; prices, margins to fall

Indian domestic steel demand is likely to see a sharp dive in the first quarter of the coming fiscal due to stalled factories and production cutbacks across major user industries like auto and construction.

Wednesday, April 1, 2020

Operations in 21 Iron Ore Mines in Odisha Auction to get Delayed over Coronavirus Fears

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.

Wednesday, April 1, 2020