February 2021

Gerdau takes maintenance stoppage at Ouro Branco steel unit

Brazilian flat and long steel producer Gerdau was carrying out a maintenance stoppage late this month at its integrated steel unit in Ouro Branco city, in the country’s southeastern Minas Gerais state.

Pakistan to use Fastmarkets' ferrous scrap index for customs valuations

Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.

EC considers possible extension of safeguard measures against steel imports

The European Commission has started an investigation on the possible extension of existing safeguard measures into 26 steel product categories imported into the European Union, the EC said on Friday February 26.

EU’s anti-dumping probe into graphite electrodes spooks consumers

Consumers of graphite electrodes have been concerned by a European Commission (EC) anti-dumping investigation into materials produced in China, although the producers have downplayed the potential consequences and have launched a counter-claim, sources told Fastmarkets.

SMS Group to modernize Kardemir’s wire rod mill

Equipment supplier SMS Group will modernize Turkish steel producer Kardemir’s wire rod mill to produce compact coil specifically for transport and container shipping, SMS Group said on Thursday February 25.

World crude steel output up 5% in January 2021

Global crude steel output increased by 4.8% year on year to 162.9 million tonnes in January 2021, the World Steel Association (Worldsteel) said on February 26, marking the third monthly consecutive increase.

ArcelorMittal raises CRC, HDG offers by $24 per tonne across Europe, sources say

Steelmaker ArcelorMittal has increased its official spot offer prices for downstream coil products across Europe by €20 ($24) per tonne with immediate effect, sources told Fastmarkets on Friday February 26.

Tenaris sees improving demand, price upside for energy tubular goods

Pipe producer Tenaris expects the market for energy tubular products to improve this year, with an increase in oil prices stimulating investments in the sector.

BlueScope expansion can’t finish fast enough, CEO says

North Star BlueScope’s expansion of its electric-arc furnace (EAF) operations in Delta, Ohio, are proceeding as scheduled and should come online by the end of the first half of 2022, parent company BlueScope Steel said.

UAE’s Conares Steel reduces rebar price

Dubai's Conares Steel has cut its rebar price to 2,530 dirhams ($689) per tonne ex-works, down from the previous 2,590 dirhams per tonne ex-works, chief executive Bharat Bhatia told Fastmarkets on Thursday, February 25.