March 2020

ArcelorMittal to idle Romanian steelmaking site from April 1

ArcelorMittal will temporarily stop production at its Romanian facility to combat the Covid-19 pandemic, Fastmarkets heard on Tuesday March 31.

CIS STEEL SLAB: Prices crash on lack of demand, increased competition

Steel slab export prices from the Commonwealth of Independent States (CIS) region fell sharply in the week ended Monday March 30 due to the lack of demand in almost all markets as well as increased competition both inside and outside the region.

IRON ORE DAILY: China manufacturing PMI rebound supports prices

The seaborne iron ore market stabilized on Tuesday March 31 after the prior day’s loss of more than $3 per tonne, attributed to a rebound in China’s official manufacturing purchasing managers’ index (PMI) and a slight boost in trading volumes.

Viohalco to close Greek steel subsidiaries due to coronavirus

Viohalco will close various subsidiaries of its steel business division in Greece as a result of the coronavirus, it said on Monday March 30.

Steel industry seeks clarity on Spanish order for non-essential production shutdown

The Spanish steel industry has demanded clarification from the government following a March 29 decree to shut down all non-essential production as part of the battle to contain the Covid-19 pandemic, Fastmarkets heard on Tuesday March 31.

Asian slab import prices pressured sharply lower by softening HRC prices, Covid-19 epidemic

Import prices for steel slab in Southeast Asia and East Asia tracked losses in the downstream hot-rolled coil market against the gloomy backdrop of the novel coronavirus (Covid-19) pandemic.

COKING COAL DAILY: Seaborne prices drop further on bearish outlook

Seaborne coking coal prices fell across the board on Tuesday March 31, with market participants expecting further price declines due to weak demand outside China.

CHINA HRC: Further price drops fuel concerns over losses among mills

China’s domestic hot-rolled coil prices continued to fall on Tuesday March 31, leaving market participants with the expectation that some flat steel producers would be making losses for some time.

Flat Steel Products Trade Log, March 31, 2020

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

CHINA REBAR: Price decreases slow amid release of higher PMI

China’s domestic rebar prices decreased further on Tuesday March 31 amid declining futures, though the pessimism among market participants decreased following the release of a higher manufacturing purchasing managers’ index (PMI) as well as that for the steel sector.