April 2020

ArcelorMittal’s No3 blast furnace at Tubarão to remain idle until market recovers

ArcelorMittal’s Brazilian unit has clarified information about the shutdown of its No3 blast furnace in Tubarão facility, in the country’s southeastern Espírito Santo state; the equipment will remain halted for an indeterminate period, the company told Fastmarkets on Friday April 3.

Brazilian slab export prices widen as buyers take advantage of 'opportunity'

Brazilian slab export prices widened during the week ended Friday April 3, with buyers opportunistic after prices decreased sharply in the previous two weeks.

Eurofer calls for 75% cut to EU steel import quotas because of 'unprecedented implosion' of market

Eurofer has requested an immediate reduction of 75% in EU safeguard quotas for imported steel to to support European industry during the crisis caused by the Covid-19 pandemic.

CIS STEEL BILLET: Prices stable as pandemic limits trading

CIS export steel billet prices remained largely unchanged in the second half of the week ended Friday April 3 amid limited trading activity.

EU STEELMAKER CLOSURES 03/04: Mills reduce production further on poor demand

European steelmakers have been reducing output and temporarily idling equipment due to the poor demand caused by lockdowns and quarantine measures implemented across Europe intended to prevent the spread of Covid-19.

FOCUS: China re-acquires appetite for steel imports amid global pandemic

China has re-acquired its taste for steel imports in the past few weeks due to an open window for arbitrage between its domestic market and the rest of the world.

CHINA REBAR: Prices flat amid mixed outlook

China’s domestic rebar prices were unchanged on Friday April 3, but a divided outlook has emerged in the market over how it would trend over the rest of this month.

SE Asian billet import prices plunge to 3.5-year low

Prices in Southeast Asia’s steel billet market plummeted to levels not seen since November 2016 in the past week, while countries in the region grappled with the fallout from the Covid-19 outbreak.

Semi-finished Steel Products Trade Log, April 3, 2020

The latest bids, offers and deals in the global markets for steel billet, steel slab and bloom.

Long Steel Products Trade Log, April 3, 2020

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.