April 2020

US steel import licenses jump month on month in February

While the Covid-19 pandemic has hit domestic steel demand, it has not prevented foreign products from entering the United States, according to an advance indicator of offshore arrivals.

EU STEELMAKER CLOSURES 09/04: Italy’s steel producers start to resume operations

Some Italian steelmakers have started to resume operations with the Covid-19 lockdown in the country expected to end on Monday April 13.

EGYPT STEEL BILLET, REBAR: Billet import prices up on new deal; market weak amid Covid-19

Prices for imported steel billet in Egypt increased in the week to Thursday April 9, however, market activity was very weak because of the Covid-19 pandemic, sources told Fastmarkets.

GCC steel consumption to be hit by curfew orders

Steel consumption among the member-nations of the Gulf Co-operation Council (GCC) was likely to decrease significantly because of curfew orders imposed in several countries.

Turkey’s crude steel production increases 13% in January-February 2020

Turkey produced 5.865 million tonnes of crude steel in January-February 2020, up by 12.7% from 5.203 million tonnes produced in the corresponding period the year before, according to the Turkish Steel Producers Association (TÇÜD).

EC imposes provisional anti-dumping duties on HR stainless imports from China, Taiwan, Indonesia

The European Commission has imposed anti-dumping duties on imports of hot-rolled stainless steel products originating in China, Taiwan and Indonesia into the European Union, it announced on Tuesday April 7.

Liberty reduces production at Galati plant in Romania

Romanian flat steel producer Liberty Galati has reduced production and implemented “partial technical unemployment” due to the economic slowdown caused by the Covid-19 pandemic, the company told Fastmarkets on Tuesday April 7.

FOCUS: EU import quotas for steel sections begin to run out

The second tranche of the European Union’s steel product import quotas has reached the point where some have become exhausted. Fastmarkets looks at the progress of quota take-up country by country, and reviews the likely dates for exhaustion that were calculated at the end of 2019.

Key takeaways from the latest Steel Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

PEOPLE MOVES: Marex Spectron brings in Mehew in new role as head of steel, ferrous derivatives

Marex Spectron has created the new role of head of steel and ferrous derivatives and has hired Sam Mehew to fill the post, the company announced on Tuesday April 7.