June 2019

Lost jobs but steady output as ArcelorMittal 'transforms' Luxembourg long steel sites

ArcelorMittal, the world’s largest steelmaker, is developing a transformation plan for its Belval and Differdange long steel sites in Luxembourg, a company spokeswoman told Fastmarkets in the week beginning Monday June 10.

Brazilian car output up by 29.9% year on year in May

Brazilian production of light vehicles increased by 29.9% year on year in May due to a recovery in domestic consumption.

EU authorities prohibit proposed ThyssenKrupp, Tata Steel merger

The European Commission (EC) has prohibited the creation of a regional flat steel joint-venture by ThyssenKrupp and Tata Steel under EU merger regulations, the EC said on Tuesday June 11.

China's Shagang cuts long steel prices for mid-June

Eastern China’s Shagang has lowered the list prices for its rebar and wire rod booked and shipped in mid-June.

Metalloinvest to build new terminal for HBI exports to satisfy demand

Russian steelmaker Metalloinvest will build a terminal for the transfer of hot-briquetted iron (HBI) and iron ore pellets at the port of Ust-Luga, the largest and deepest port on the Baltic Sea, in response to growing demand.

Brazilian flat, long steel imports soar in May

Brazilian import volumes of both flat and long steel products increased in May 2019 amid increased shipments from China and Turkey.

China’s finished steel exports tumble in May

China’s finished steel exports fell in May on both a year-on-year basis as well as when compared with the preceding month.

Brazil's CSN planning to build new galvanizing line in São Paulo state

Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) plans to build its new galvanizing line in the country's São Paulo state, it announced on Thursday June 6.

Rebar prices down in Brazil amid low demand, fiercer competition

Domestic rebar prices in Brazil fell during May as leading steelmakers battle with new participants for market share amid low domestic demand, retreating from announced price increases.

EXCLUSIVE: EU steelmakers request review of 5% safeguard quota rise, seek quarterly HRC allocation

European steelmakers have called for the European Commission (EC) to review its decision to liberalize its import safeguard measures by increasing quota volumes by 5% each year, Fastmarkets has learned.