May 2020

Call for EU to review anti-dumping duties on Severstal HRC, sources say

The European Commission (EC) has received a request for a review of existing anti-dumping measures applied to hot-rolled coil products from Russian steelmaker Severstal, market participants told Fastmarkets on Thursday May 28.

Nissan to close Barcelona carmaking plants in December 2020

Japanese carmaker Nissan intends to close three plants at its Nissan Barcelona operations in Spain from December 2020, the company said on Thursday May 28. The units affected will be at Zona Franca, Montcada and Sant Andreu.

ArcelorMittal Zenica restarts hot area, rolling mills to resume operations in June

ArcelorMittal has restarted operations in the hot zone at its Zenica plant in Bosnia this week, and plans to re-open the rolling mills in June, the company’s spokesperson told Fastmarkets on Thursday May 28.

TURKEY STEEL BILLET: Domestic, export prices inch down, import cost stable

Turkish domestic and export prices for steel billet have gone down slightly over the past week in line with the poor demand for finished steel, but imported billet prices have remained firm, sources said on Thursday May 28.

BANGLADESH SCRAP: Buying expected to pick up in coming weeks, sources say

Bangladeshi steel mills are expected to return to the deep-sea market for steel scrap in bulk and containers in the coming weeks, market sources told Fastmarkets on Thursday May 28.

DAILY SCRAP REPORT: More cargoes booked at slightly higher prices

Turkish deep-sea scrap import prices increased slightly on news of fresh cargo deals heard on Thursday May 28.

TURKEY LONG STEEL: Mills try higher prices on expected recovery in demand

Domestic long steel prices in Turkey have increased over the past week on an expected recovery in demand and improvement in imported scrap values, sources said on Thursday May 28.

TURKEY LONG STEEL EXPORTS: Weak demand keeps market quiet, prices steady

The Turkish export markets for steel rebar and wire rod have remained mostly quiet over the past week on limited demand, sources said on Thursday May 28.

Canada initiates anti-dumping probe into steel plate

The Canada Border Service Agency (CBSA) has begun an anti-dumping investigation into imports of hot-rolled carbon steel heavy plate and high-strength, low-alloy steel heavy plate from Germany, Malaysia, South Korea, Taiwan and Turkey.

IRON ORE DAILY: Seaborne prices rise amid surge in mid-grade ore market activity

Seaborne iron ore went up on Thursday May 28 with mid-grade iron ores such as Newman fines and Pilbara Blend fines from Australia performing well, sources told Fastmarkets.