January 2020

Eurofer forecasts moderate consumption recovery in 2020

European steel association Eurofer forecasts a modest recovery in apparent steel consumption in 2020, with risks relating to import volumes, Eurofer said on January 30.

EU registration of stainless HR steel from China, Taiwan and Indonesia implemented, retroactive duties possible later in 2020

Imports of hot-rolled stainless steel sheet and coil from China, Taiwan and Indonesia now need to be registered on entering the European Union and could be subject to retroactive duties later in the year.

Heavy rain not to significantly affect Brazil iron ore exports - companies

Heavy rainfall in the Brazilian southeastern state of Minas Gerais has caused interruptions for some railway operators transporting iron ore for exports, but the impact has been minimal, companies told Fastmarkets on Wednesday January 29.

FOCUS: Virus jitters will affect China's steel exports, sources say

The Wuhan coronavirus will likely influence fundamentals in China’s steel market and Chinese export trends in the near future, sources told Fastmarkets this week.

BREAKING: China offering force majeure certs for coronavirus-hit businesses

The China Council for the Promotion of International Trade is offering "force majeure certificates" to businesses in China affected by the outbreak of the Wuhan novel coronavirus.

Steel groups cheer USMCA's passage into law

The United States-Mexico-Canada agreement (USMCA) cleared its third and final hurdle within the US on Wednesday January 29 after it was signed into law by President Donald Trump, drawing praise from steel groups.

PEOPLE MOVES: Alcoa sales VP Perez to leave company after 18 years

Iñigo Pérez, vice president of Europe and Asia sales at Alcoa, will be leaving the aluminium producer after working there for 18 years, Fastmarkets understands.

FOCUS: Wuhan virus likely to dent Q2 demand for steel, iron ore in Asia

Sentiment in the seaborne iron ore and Asian steel markets have deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.

US steel product imports mixed in December

The United States' steel imports declined by nearly 18% in December compared with the same month in 2018 but rose by 0.5% sequentially.

Chinese surge pushes up global steel output in 2019, Worldsteel says [CORRECTED]

A strong rise in Chinese steel production led the way to a 3.4% year-on-year increase in global crude steel output in 2019, according to the World Steel Association (Worldsteel).