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. |
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. |
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. |
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. |
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. |
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. |
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. |
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. |
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