The Singapore rebar import market is still experiencing limited spot trading despite the gradual restart of the domestic construction industry.

April global steel output drops 13% on year hit by coronavirus pandemic.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 137.1 million tonnes (Mt) in April 2020, a 13.0% decrease compared to April 2019.

US Steel said it is raising its US flat-rolled steel spot pricing by $40/st effective immediately, without mentioning any target base prices.

ArcelorMittal has halted output at its Bosnia steel plant and at mines that supply it with iron ore for 10 days.

Turkish media reported that Turkey has imposed up to 14% additional duties on several types of steel imports to prevent a rise in steel imports into the country.

In January, the city announced the construction of the Tongzhou Bay as a new deep-water channel in Jiangsu.

Lead times rose to 4-5 weeks from 3-4 weeks, with minimills still having availability in June and integrated said to be booked into July.