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Tata Steel cuts down production across all major operations in Inda and Europe
Tata Steel has cut down production across all its major operations in Inda and Europe amid the COVID -19 outbreak. |
TURKEY FLAT STEEL WRAP: All prices fall in March as sentiment suffers from virus
Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country. |
Brazil's Usiminas to idle 2 blast furnaces at Ipatinga, halt Cubatão
Brazilian flat steel producer Usiminas has decided to shut down two blast furnaces at its Ipatinga unit and halt its Cubatão steelmaking facility in order to adjust its production to lower demand resulting from the outbreak of Covid-19, the company said on Thu... |
JFE Steel faces zero profit for first time in history
Major Japanese steelmaker JFE Steel is facing the prospect of recording zero profit for the year ending March 2020 for the first time in its history due to global economic tensions and rising raw materials prices, it warned on Friday March 27. |
Anglo American expects 2-3mln-tonne hit to Kumba iron ore ops this year
Anglo American is expecting a production impact of 2-3 million tonnes at its Kumba iron ore operations in 2020, following a decision to operate with around half of its workforce during a 21-day lockdown in South Africa that started this week. |
EUROPE REBAR: Prices up in South on limited availability, steady in North
Domestic prices for steel rebar were unchanged in Northern Europe but slightly up in Southern Europe because of an increase in trading in Italy. |
Vale looks to again increase production at Brucutu
Brazilian miner Vale is seeking alternatives to waste disposal at its Brucutu iron ore mine to produce at 80% capacity this year. |
DAILY SCRAP REPORT: Covid-19 outbreak keeps market quiet
Turkish steel producers remained quiet in the deep-sea scrap import markets while suppliers were unwilling to sell at current price levels, sources said on Wednesday April 1. |
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