SAIL Bhilai Plant records a 42% growth in production of prime 260 m rail panels

Steel Authority of India (SAIL) Bhilai Steel Plant recorded a 42% growth in production of prime 260 metre long rail panels in 2019-20 over 2018-19. During the same period, the plant also posted a 30% growth in overall production of prime rails.

Friday, April 3, 2020

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.

Friday, April 3, 2020

JSW Steel suspends, scales down production units amid Indian lockdown

India’s JSW Steel expects a significant reduction in its capacity utilization rates during the country’s 21-day lockdown following its move to suspend or scale down operations across various locations, it said on Thursday March 26.

Thursday, April 2, 2020

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.

Thursday, April 2, 2020

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.

Thursday, April 2, 2020

CIS STEEL BILLET: Daily index price lowest since October 2016

Prices in the CIS export billet market continued to slide on Wednesday April 1, in line with lower bids received amid the reduced trading activity.

Thursday, April 2, 2020

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.

Thursday, April 2, 2020

ArcelorMittal Brazil to idle BF No 3 in Tubarao

The unit's BF No 2 has been idle since July 2019, due to market conditions. The Tubarão complex's total capacity amounts to about 7.5 million tonne per year.

Wednesday, April 1, 2020
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