EUROPE HRC: Import offers slide further, adding pressure on domestic prices.

Despite the severe hit seen by the COVID-19 outbreak, the Chinese steel sector is showing signs of recovery in the second quarter, industry experts said, prompted by rising demand from the orderly resumption of production and business across the country.

Tata Steel has cut down production across all its major operations in Inda and Europe amid the COVID -19 outbreak.

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...

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.

Demand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country.

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.

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.