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.
30 March 2020
Renato Rostás
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.
30 March 2020
Julia Bolotova
Several Turkish carmakers - Honda, Karsan, MAN, Anadolu Isuzu, Temsa, Türk Traktör, Hyndai Assan and Otokar - announced production stoppages this week because of concerns about the spread of the novel coronavirus (2019-nCoV).
30 March 2020
Serife Durmus
ArcelorMittal has resumed operations at its long steel manufacturing sites in Luxembourg, where it stopped operations about a week ago because of the Covid-19 pandemic, the company said on Monday March 30.
30 March 2020
Julia Bolotova
European Metal Recycling (EMR) has shut down part of its operations in the UK due to the Covid-19 virus outbreak, the company said on its website on Friday March 27.
30 March 2020
Declan Conway
Algerian steelmakers Algerian Qatari Steel (AQS) and El-Hadjar Iron & Steel Complex have stopped crude steel production because of the Covid-19 pandemic, market sources told Fastmarkets on Friday March 27.
30 March 2020
Maria Tanatar, Vlada Novokreshchenova
Major Japanese steelmaker JFE Steel is facing the prospect of recording zero profit for the year ending March 2020 for the first time in its history due to global economic tensions and rising raw materials prices, it warned on Friday March 27.
30 March 2020
Paul Lim
The China Association of Metalscrap Utilization (Camu) is urging the Chinese government to reopen the country to ferrous scrap imports to meet rising demand and reduce steelmaking costs.
30 March 2020
Jessica Zong
On Tuesday March 24, India’s Prime Minister Narendra Modi announced that 1.3 billion individuals would be put under a state of lockdown for 21 days to prevent the spread of the Covid-19 virus in the country.
30 March 2020
Deepali Sharma
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
