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Relevant News

Tata Steel cuts down production across all major operations in Inda and Europe

Tata Steel has cut down production across all its major operations in Inda and Europe amid the COVID -19 outbreak.

Friday, April 3, 2020

Brazil's Usiminas to idle 2 blast furnaces at Ipatinga, halt Cubatão

Brazilian flat steel producer Usiminas has decided to shut down two blast furnaces at its Ipatinga unit and halt its Cubatão steelmaking facility in order to adjust its production to lower demand resulting from the outbreak of Covid-19, the company said on Thu...

Friday, April 3, 2020

TURKEY FLAT STEEL WRAP: All prices fall in March as sentiment suffers from virus

Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country.

Friday, April 3, 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

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

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

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

JFE Steel faces zero profit for first time in history

Major Japanese steelmaker JFE Steel is facing the prospect of recording zero profit for the year ending March 2020 for the first time in its history due to global economic tensions and rising raw materials prices, it warned on Friday March 27.

Thursday, April 2, 2020