Industrial profits keep rising in June
Growth comes with pandemic controls, favorable economic and social policies. |
US HRC: Prices resume slide on short lead times
HRC import prices into Houston were flat at $460/st ddp. |
Weak demand, oversupply and price decline to hit Indian steel industry: Ind-Ra
Indian steel industry’s gross spreads per tonne for both hot rolled coil (HRC) and rebar is expected to fall in the second quarter of FY21 with a further fall in steel prices due to oversupply, said India Ratings and Research in a sector report |
Tata Steel production falls to 2.99 MT in April-June
Tata Steel India reported sales of 2.92 million tonne of steel in Q1 FY21 against sales of 3.96 mt in Q1FY 20. |
Posco raises steel output target on demand expectations
South Korean steelmaker Posco is partially restoring its rate of production on expectations that resumption of industrial activity in China and elsewhere around the world will drive a recovery in steel demand in this year's second half from a slump brought on ... |
EU flat steel shipments fall 19% on year through April, stocks soar
Shipments by stockholders and distributors of EU multi-product & proximity steel, including long steel construction products, fell 8.7% in January-April from the year-ago period, with only rebar shipments increasing, Eurometal said. |
SSAB Q2 Earnings Impacted Negatively by Lower Demand
SSAB’s operating result for the second quarter of 2020 was SEK -251 million. |
EVRAZ NTMK Relaunches Blast Furnace 6
Blast Furnace 5 reached the end of its useful life and was idled, decision on its further use pending. |
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