May 2021

Further extension of EU trade safeguards could add to supply problems, Turkish sources say

The European Commission (EC) should not extend the region’s existing safeguard duties on steel product imports, because it would result in increasingly limited supply and higher prices, speakers said in a webinar organized last week by the Turkish Steel Exporters’ Union (ÇIB).

AM/NS India reports jump in Q1 earnings, further expansion plans

The joint venture between ArcelorMittal and Nippon Steel, AM/NS India, has reported solid financial results for the first quarter of 2021, while planning further growth.

UAE’s Senaat offers to combine Emirates Steel with Arkan Building Materials

The United Arab Emirates’ state-owned General Holding Corporation (Senaat) has offered Arkan Building Materials the opportunity to combine Senaat’s subsidiary Emirates Steel with Arkan, Arkan Building Materials said on Sunday May 9.

AT A GLANCE: Tata Steel reports earnings up on more production, deliveries

A summary of the full-year and final-quarter financial results for Indian steelmaker Tata Steel’s 2020-21 year, ended March 31.

Brazilian auto output soars in April vs last year but down 4.7% vs March

Brazil's vehicle production recovered in April from the same month of 2020 when plants had to close due to the Covid-19 pandemic, the country's automaker association, Anfavea, said

China’s iron ore imports up 3% in April

China imported 98.57 million tonnes of iron ore in April 2021, up by 3% from 95.71 million tonnes a year earlier, according to Chinese customs data released on Friday May 7.

IN FIGURES: China exports 8 mln tonnes of finished steel in April

China’s exports of finished steel products increased year-on-year in April 2021, according to preliminary Chinese customs data released on Friday May 7.

UAE’s Al Ghurair increases HDG prices

Al Ghurair Iron and Steel, an Abu Dhabi-based flat steel cold-roller and coater, has increased its hot-dipped galvanized coil price by $200 per tonne with effect from Thursday May 6, a company executive told Fastmarkets.

Turkey’s Habas engages SMS Group to upgrade HRC mill

Turkish flat and long steel producer Habas has placed an order to upgrade its compact mill to a high-performance hot strip mill, equipment supplier SMS Group said on Wednesday May 5.

Liberty Steel UK agrees $278 mln refinancing package with lender White Oak

Liberty Steel UK has agreed to a refinancing package with private lender White Oak Global Advisors, a source with knowledge of the matter said on Thursday May 6.