February 2019

UAE’s Emirates Steel expects year-long slowdown in construction in Middle East

State-owned long steel producer Emirates Steel is expecting a slowdown in the Middle East construction sector that will persist throughout 2019, chief executive officer Saeed Al-Remeithi said on Tuesday February 26.

Global crude steel output up 1% in January, Worldsteel says

Steelmakers across the world produced 146.7 million tonnes of crude steel in January, up 1% compared with 145.2 million tonnes a year earlier, according to statistics published by the World Steel Association (Worldsteel) on Tuesday February 26.

Russian pipemakers lobby for ban on scrap exports, but scrap collectors, steelmakers are opposed

Russia may impose a six-month ban on exports of ferrous scrap material beginning in May after a request was filed by Russian pipemakers with the country’s ministry of economic development.

COMMENT: Indian local scrap use constrained despite rise in crude steel output

In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.

China’s daily crude steel output rises in early February

China’s major mills raised their daily output rates for crude steel in early February, while their finished steel inventories also experienced a significant increase.

Mexico to renew 15% safeguarding duty on steel imports

The Mexican government has decided to renew a 15% safeguarding duty on imports of steel from countries with which it does not have free trade agreements.

Turkey raises steel exports in 2018 by 21% despite trade barriers, ÇIB says

The Turkish steel industry managed to increase its export volumes in 2018 despite the creation of international trade barriers that had a huge effect on the market, the Turkish Steel Exporters’ Assn (ÇIB) told Fastmarkets on Friday February 22.

Brazil's apparent steel use down 5.6% in January, Aço Brasil says

Brazil’s apparent consumption of steel totaled 1.54 million tonnes in January, down 5.6% from 1.63 million tonnes during the same month in 2018, national steel association Instituto Aço Brasil said on Friday February 22.

Gerdau expects short-term price recovery for long steel in Brazil

Latin American steelmaker Gerdau is expecting a price recovery in Brazil in the short term, especially for rebar, following the recent global uptrend and some domestic weakness reported in the last month.

Gerdau expects no steel sales fall from furnace stoppage at Ouro Branco

Steelmaker Gerdau will halt operations for 60 days at blast furnace No1 at its Ouro Branco mill in the south-eastern Brazilian state of Minas Gerais, starting in early June 2019, the company said on Thursday February 21.