ArcelorMittal will idle the No3 blast furnace at its integrated slab and flat steel Tubarão facility, in the country’s southeastern Espírito Santo state, because of impacts from the spread of the novel coronavirus, the company said on Friday March 27.
27 March 2020
Felipe Peroni, Renato Rostás
Prices for hot-rolled coil in the United States dropped sharply despite production cuts by domestic flat-rolled mills, with market participants pessimistic about the future of the industry and doubtful that the supply cut would be enough to restore the virus-dampened demand.
27 March 2020
Muyao Shen
European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.
27 March 2020
Maria Tanatar, Marina Maliushkina
Prices for cold-rolled and galvanized steel sheet in the United States declined after automotive plants suspended production during the Covid-19 pandemic while most mills emphasized that their output continued unabated.
27 March 2020
Dom Yanchunas
European domestic prices for hot-rolled coil have not changed despite the decline in import offers, sources told Fastmarkets on Friday March 27.
27 March 2020
Maria Tanatar
The price of hot-rolled coil exported from India plunged by $60 per tonne in the week ended Friday March 27, with the country going into compete lockdown on the Wednesday to try to contain the spread of the Covid-19 pandemic.
27 March 2020
Suresh Nair
Turkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil continued to decrease in the week to Friday March 27, with demand being very weak, sources told Fastmarkets.
27 March 2020
Serife Durmus
U.S. Steel will take a series of “aggressive and meaningful actions,” including idling a blast furnace at its Granite City Works and extending downtime for a blast furnace at its Gary Works, in response to impacts from Covid-19.
27 March 2020
Muyao Shen
Flat steel prices continued to fall in Turkey during the week ended Friday March 27, with demand remaining very weak.
27 March 2020
Serife Durmus
Russia’s largest steelmaker Novolipetsk Steel (NLMK) will revise its guidance on its 2020 capex program down due to increased volatility in global markets associated with the coronavirus pandemic, the company said on Thursday March 26.
27 March 2020
Vlada Novokreshchenova
