March 2020

Indian steel mills to cut run rates amid lockdown, raw materials supply disruptions expected

Small, induction furnace mills producing secondary billet and rebar in India have started shutting down their meltshops amid the lockdown mandated by prime minister Narendra Modi on March 24 to control the spread of the novel coronavirus (2019-nCoV).

CHINA REBAR: Prices bounce back on increased buying [CORRECTED]

China’s domestic rebar prices regained some strength on Wednesday March 25 on a pick-up in buying activity amid rising futures.

Semi-finished Steel Products Trade Log, March 25, 2020

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

Gerdau halts steel units in Peru, Argentina amid coronavirus pandemic

Brazilian steelmaker Gerdau has temporarily halted operations in Argentina and Peru following lockdowns in both countries to combat the spread of the novel coronavirus (2019-nCoV) pandemic.

GULF STEEL BILLET, REBAR: Some prices fall, demand weak

Some of the prices for steel rebar and billet in the United Arab Emirates decreased over the past week, with demand very weak amid concerns about the spread of the coronavirus (2019-nCoV), market sources said on Tuesday March 24.

CHINA REBAR: Prices dip in eastern region after early-hour futures losses

China’s domestic rebar prices were mixed on Tuesday March 24, with those in the eastern region dipping while the northern market held steady amid fluctuating futures.

Semi-finished Steel Products Trade Log, March 24, 2020

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

Indonesian steel production stalls on inventory glut amid coronavirus outbreak

Most Indonesian steelmakers are operating at reduced rates and some re-rollers have even suspended their operations due to a build-up of inventory, sources in the country told Fastmarkets.

GLOBAL BILLET WRAP: Sentiment down on scrap price fall but China imports again

Most of the world’s markets for steel billet have been affected by negative sentiment after strong decreases in the prices for ferrous scrap. Buyers in China, however, were importing material while their domestic prices were rising.

Tata Steel India targets carmakers with new slab conditioning line

Tata Steel India is to install a slab conditioning line at its Kalinganagar works in the state of Odisha to serve the automotive market, equipment provider SMS Group said in a press release on Thursday March 19.