July 2020

EU construction industry reports mixed views on sector's strength

The European construction industry has reported different levels of operational strength across various countries, with some projects reported as cancelled or postponed, putting pressure on demand for long steel products, sources have told Fastmarkets.

Europe's largest coking coal producer cancels force majeure

Polish coal miner Jastrzebska Spólka Weglowa (JSW), the largest coking coal producer in Europe, has cancelled the state of force majeure declared to its clients in early April due to the effects of the Covid-19 pandemic, the company said on Thursday July 9.

FERROUS WEBINAR: Steady hopes; downside lingers

Market participants in the US ferrous supply chain attending a Fastmarkets webinar on June 30 expected prices to be largely stable in the coming months, but benchmark indicators continue to track downward as an uneven reopening of the United States economy clouds the outlook.

ArcelorMittal to restart export-oriented No2 BF at Brazil's Tubarão

ArcelorMittal Brasil will restart activities of the No2 blast furnace (BF) at its Tubarão mill, in the Brazilian south-eastern state of Espírito Santo, on July 26, after more than a year of downtime, the company said on Wednesday July 8.

DBCT coal exports drop 20% in May

Coal shipments from Australia’s main coking coal export hub, Dalrymple Bay Coal Terminal (DBCT), dropped by 19.7% year on year in May, according to data released by North Queensland Bulk Ports Corp.

China's coking coal imports fall 19% in May

China's coking coal import volumes fell by 18.9% year on year to about 4.79 million tonnes in May, according to Chinese customs data.

Mexican vehicle production continues recovery in June

Mexico’s automotive production continued to recover in June amid the Covid-19 pandemic, rising by nearly 10 times from May. But it remains about a third lower compared with a year earlier.

China’s daily crude steel output stabilizes in late June

Crude steel production rates among member mills of the China Iron & Steel Association (Cisa) stopped rising in late June, having risen steadily over the three months, according to data released last weekend.

Brazilian ferrous scrap exports up 1.7% in June amid tumbling domestic demand

Brazilian ferrous scrap exports increased 1.7% in June, compared to the same month in 2019, due to lower domestic consumption that has lead to yards shipping more material to South Asia, data from the country’s ministry of economy showed on Monday July 6.

Brazilian car output down 58% in June on slow reopening, Anfavea says

Brazilian vehicle manufacturers’ association Anfavea recorded a 57.5% year-on-year decrease in production during June 2020, with plants still reopening from temporary idle periods while they readjusted to the fall in demand due to the Covid-19 pandemic, it said on Monday July 6.