June 2019

EUROPEAN STEEL DAY 2019: Steelmakers reiterate call for stronger import safeguard measures

European steelmakers have called on the European Commission (EC) to “retroactively remove” the 5% quota volume liberalization of its import safeguard measures, among other requests to ease pressure on the domestic steel industry.

NORTHERN EUROPE REBAR: Prices stable as mills try to maintain current levels

The weekly price for rebar produced and delivered in Northern Europe remained unchanged on Wednesday, June 26,, as mills maintained price levels ahead of the renewal of EU import quotas on July 1, sources told Fastmarkets.

SOUTHERN EUROPE REBAR: Mills lower offers ahead of expected surge in imports

Prices for rebar produced and delivered in Southern Europe weakened this week as domestic mills lowered their offers ahead of an expected influx of imports in July, sources told Fastmarkets on Wednesday June 26.

Turkish crude steel output down 10% in January-May

Turkey produced 14.297 million tonnes of crude steel in January-May 2019, down 9.97% from the 15.880 million tonnes produced in the first three months of 2018, according to the Turkish Steel Producers Association (TÇÜD).

Global crude steel production up 5% in May

Steelmakers around the world produced a total of 162.74 million tonnes of crude steel in May, up 5.4% from 154.46 million tonnes a year earlier, according to the latest data released by the World Steel Association (Worldsteel).

China’s daily crude steel output rises in early June despite weakening demand

China’s major mills raised their daily output rates for crude steel in early June although end-user demand was dropping gradually.

Argentina’s weak economy sends crude steel output down by more than 7% in May

Crude steel production in Argentina fell by in May due to a weak economy, national steel association Acero Argentino said.

MMK Metallurgy postpones HRC production restart

MMK Metallurgy, subsidiary of Russia’s Magnitogorsk Iron & Steel Works (MMK) postponed the start of its hot-rolled coil production until at least 2021, Pavel Shilyaev, ceo of MMK told Russian news agencies last week.

Mexico's Ahmsa puts largest blast furnace on maintenance amid slow market [CORRECTION]

Mexican steelmaker Altos Hornos de Mexico (Ahmsa) is suspending its No5 blast furnace - the largest in its operations - for 10 days beginning Thursday June 20 for maintenance.

Vietnam will impose provisional AD duties on Chinese, South Korean coated flat steel [UPDATED]

Vietnam’s Ministry of Industry and Trade will impose provisional anti-dumping measures on color-coated flat steel products from China and South Korea, it said this week.