ferro-alloys.com;The profit of international steel decreases 72%

Steel plate prices held steady in the United States while service centers paused their buying in order to assess the next steps in the Covid-19 pandemic and its resultant impact on construction and energy demand.

Domestic prices for hot-rolled coil in Northern Europe decreased slightly day on day due to limited market activity, sources told Fastmarkets on Tuesday April 14.

ferro-alloys.com:China mills would be benefitted from the demand flow of niche steel products

ferro-alloys.com:Need of tax relief asked by steel merchants

US hot-rolled coil prices remain modestly below $25 per hundredweight as mills seek to keep them from falling into loss-making territory amid a steep drop in demand.

Toyota Motor Corp has decided to again postpone the reopening of its automaking plants in Brazil by two months amid plunging demand and in order to prevent the Covid-19 virus from spreading among its workers.

Five major US steel industry groups strongly urged Congress to include significant infrastructure investment in the next phase of COVID-19 stimulus legislation to provide a clear path toward its nation’s recovery.