JSW Steel Crude Steel Production in 2019-20 Declines by 4%.

Japanese crude steel output is forecast to tumble in the April-June quarter because of a sharp fall in manufacturing demand for steel products affected by the Covid-19 pandemic.

US imports of ferrous scrap and metallics rose in February 2020 as increased scrap and pig iron volumes outweighed reduced HBI/DRI tonnage.

While a SAIL official confirmed reducing output by about 50 per cent over phone, an e-mail query sent to Tata Steel remained unanswered.

Argus reported that ArcelorMittal USA is expected to idle a blast furnace at its Cleveland flat-rolled steel mill as coronavirus-related shutdowns continue to ripple across the steel industry.

Import prices for steel slab in Southeast Asia and East Asia tumbled further over the past week with the Covid-19 pandemic continuing to sap demand in the region.

EUROPE HRC: Import offers slide further, adding pressure on domestic prices.

GULF FLAT STEEL IMPORTS: Prices stable, demand very weak.