April 2020

EU CARMAKER CLOSURES 03/04: Ford extends shutdowns, Daimler applies short-time working

Carmaker Ford has extended the restart of its European operations into May, while Mercedes-Benz owner Daimler has chosen to bring in short-time working while European nations try to control the Covid-19 pandemic.

Eurofer calls for 75% cut to EU steel import quotas because of 'unprecedented implosion' of market

Eurofer has requested an immediate reduction of 75% in EU safeguard quotas for imported steel to to support European industry during the crisis caused by the Covid-19 pandemic.

EU STEELMAKER CLOSURES 03/04: Mills reduce production further on poor demand

European steelmakers have been reducing output and temporarily idling equipment due to the poor demand caused by lockdowns and quarantine measures implemented across Europe intended to prevent the spread of Covid-19.

Brazil's Usiminas to idle 2 blast furnaces at Ipatinga, halt Cubatão

Brazilian flat steel producer Usiminas has decided to shut down two blast furnaces at its Ipatinga unit and halt its Cubatão steelmaking facility in order to adjust its production to lower demand resulting from the outbreak of Covid-19, the company said on Thursday April 2.

TURKEY FLAT STEEL WRAP: All prices fall in March as sentiment suffers from virus

Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country, market participants told Fastmarkets on Thursday April 2.

Brazil iron ore exports down 2% in March

Iron ore export volumes from Brazil fell by 2.13% year on year in March, with the daily average falling by 15.48% in the same comparison, Fastmarkets understands.

EU CARMAKER CLOSURES 02/04: Shutdowns extended as lockdowns continue

Automotive manufacturers in Europe and the UK have extended their previously announced production suspensions following the introduction or extension of national lockdown measures.

Tata Steel cuts production at its mills in India, Europe

Tata Steel has reduced output at its steel production sites in India and Europe due to decreased demand, and to obey the temporary regulations imposed to tackle the spread of the Covid-19 pandemic, the company said on Wednesday April 1.

Subaru latest carmaker to suspend ops due to Covid-19

Japanese car maker Subaru Corp is the latest carmaker to suspend production due to falling demand caused by the Covid-19 pandemic.

Car manufacturers in Brazil extend coronavirus-related output halts

The Brazilian branch of Toyota Motor Corp has decided to postpone the restart of its operations due to the Covid-19 pandemic, following other automakers either considering or already enforcing longer idle periods in the country.