March 2020

China’s CRC, HDG export prices decline on sluggish demand amid continuing Covid-19 pandemic

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell over the past week on poor demand amid the continuing Covid-19 pandemic outside of China.

Long Steel Products Trade Log, March 31, 2020

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.

Semi-finished Steel Products Trade Log, March 31, 2020

The latest bids, offers and deals in the global markets for steel billet, steel slab and bloom.

Vietnam enters lockdown, Toyota suspends vehicle production indefinitely

Vietnam will come under a 15-day lockdown from April 1, the country’s health ministry said on Tuesday March 31.

IN CASE YOU MISSED IT: 5 key stories from March 30

Here are five Fastmarkets stories you might have missed on Monday March 30 that are worth another look.

US hot-rolled coil index stable; further virus-driven decline looming

While hot-rolled coil prices in the United States have remained largely steady day on day, sources anticipated a scrap- and demand-driven downturn in spot pricing as a result of the Covid-19 pandemic.

EUROPE HRC WRAP: Market quiet on pandemic effects, sentiment largely bearish

Domestic prices for hot-rolled coil in Northern Europe were fairly stable last week due to falls in demand and production cuts caused by the Covid-19 pandemic.

Gerdau freezes price increase attempts in Brazil amid low demand, analysts say

Gerdau has halted price increase attempts in Brazil amid market weakness because of the Covid-19 pandemic, according to a report by local investment bank Itaú BBA from Sunday March 29.

SSAB plans temporary job, output cuts in Finland on Covid-19 effects

Swedish steelmaker SSAB plans temporary worker layoffs at its operations in Finland, and consequently a reduction in output, in response to the downturn in the flat steel market resulting from the Covid-19 pandemic, the company said on Monday March 30.

CIS LONG STEEL: Lack of demand, falling scrap costs send long steel prices downward

Export prices for steel rebar and wire rod from the Commonwealth of Independent States (CIS) fell sharply in the week to Monday March 30 amid the lack of demand in almost all markets due to the Covid-19 pandemic, as well as the recent dramatic drop in scrap costs.