June 2019

Latin America’s crude steel output down 1.4% in May, Alacero says

Latin American crude steel production reached 5.18 million tonnes in May, falling by 1.40% from 5.25 million tonnes a year before, regional association Alacero said on Thursday June 27.

FOCUS: G20 Summit casts shadow over Asian ferrous metals markets

The G20 Summit, which takes place in Osaka, Japan, this weekend has cast a shadow over the Asian ferrous metals markets.

EUROPEAN STEEL DAY 2019: More imports 'may lead to further EU steel production cuts', steelmakers warn

European steel mills could further reduce steel production should the volume of steel imported into the European Union continue to increase, market participants said at the European Steel Day in Brussels, Belgium, on Wednesday June 26.

PEOPLE MOVES: Henrik Adam to take top role at Tata Steel Europe when ceo Hans Fischer retires in July

Henrik Adam, who has been chief commercial officer at Tata Steel Europe since 2011, will replace Hans Fischer as ceo when he retires on July 1, the company said on Thursday June 27.

EUROPEAN STEEL DAY 2019: EC should ‘rethink merger policy’ with global outlook

European steelmakers have called for the European Commission (EC) to rethink its competition and merger policy amid ever-increasing global competition, they said at the European Steel association’s (Eurofer) European Steel Day in Brussels on Wednesday June 26.

EUROPEAN STEEL DAY 2019: UK steel industry ‘likely to be obliterated’ by no-deal Brexit

European steelmakers voiced their concerns over the future viability of the UK steel industry, should the UK leave the European Union on October 31 without a deal, at the European Steel association’s (Eurofer) European Steel Day in Brussels on Wednesday June 26.

US lowers anti-dumping duty on wire rod from Mexico’s Deacero

The United States Commerce Department has lowered an anti-dumping duty on wire rod imports from Mexican steelmaker Deacero.

US Commerce Dept increases AD duties on Japanese HRC

The US Commerce Department has modestly raised anti-dumping duties on hot-rolled coil from Japan.

Vale to add $450mln to spending related to Brumadinho accident in Brazil

Brazilian mining company Vale will spend an additional $450 million on safety and environmental recovery in the city of Brumadinho, in the country's Minas Gerais state, until 2023 after an iron ore tailings dam collapsed in January, the company said on Wednesday June 26.

EUROPEAN STEEL DAY 2019: EC ‘must impose equal carbon cost burden’ on steel imports and EU producers

The European Commission (EC) must impose a similar carbon-emissions cost on imported steel to the carbon cost it currently imposes on domestic EU steelmakers, European steelmakers said at the European Steel association’s (Eurofer) European Steel Day in Brussels on Wednesday June 26.