April 2019

EC to halt anti-dumping case into welded tubes, pipes, profiles, market sources say

The European Commission (EC) will halt its anti-dumping investigation into imports of welded steel tubes, pipes and hollow profiles, whether of square or rectangular cross-section, originating from Macedonia, Russia and Turkey, market participants told Fastmarkets on Tuesday April 30.

Steelmaker Erdemir Group’s earnings up 4% in Q1 2019

Turkey’s biggest steel producer, Erdemir Group, has reported earnings before interest, taxes, depreciation and amortization (Ebitda) for the first three months of 2019 of TRY1.733 billion ($291.3 million*).

FOCUS: China warns of more HRC price falls in 2019 on new 31-mln-tpy capacity

Prices for hot-rolled coil (HRC) in China may not have room to move much higher because a further 31.05 million tonnes per year of capacity will come onstream in 2019, market sources in the country told Fastmarkets this week.

Klöckner forecasts weaker EU steel demand, lower prices in 2019

German metals distributor Klöckner expects its 2019 earnings to be negatively affected by “declining demand” and weaker steel prices, it said on Tuesday April 30.

China’s daily crude steel output exceeds 2 million tonnes in mid-April

China’s major mills raised their daily output rates for crude steel in mid-April on good demand and healthy profit, while their finished steel inventories also increased.

China drives global crude steel growth in March, Worldsteel says

China continued to drive global crude steel growth in March, according to the World Steel Association (Worldsteel).

PEOPLE MOVES: Vale names Eduardo Bartolomeo CEO

Brazil’s Vale has appointed Eduardo Bartolomeo as its chief executive officer, succeeding Fabio Schvartsman.

Evraz’s Q1 2019 vanadium product sales fall on weak automotive, steelmaking demand

Russian steel and vanadium producer Evraz’s sales of final vanadium products fell by 5.3% quarter-on-quarter in the first quarter of 2019 to 2.52 million tonnes, the company said in a trading update on Monday April 29.

Turkish steel exports likely to fall further in 2019 on trade protection measures

Market sources surveyed by Fastmarkets last week broadly agreed that the prospects for steel exports out of Turkey remained poor at the end of April, with no recovery likely soon because of trade barriers erected by authorities in the country’s principal outlet markets.

Tata Steel restarts production at UK plant after explosion; orders unaffected

Tata Steel Europe restarted blast furnace production at its Port Talbot plant in South Wales, UK, on Saturday April 27.