Steel

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Australian steel producer Bluescope Steel today withdrew its profit guidance for the second half of the 2019-20 fiscal year to 30 June because of the widening impact of the coronavirus pandemic that is affecting its global operations.
News ID: 8784    Publish Date : 2020/03/19

ArcelorMittal Spain is to cut flat steel output in the near term because of reduced automotive demand.
News ID: 8779    Publish Date : 2020/03/19

Steel producer ArcelorMittal is reducing European flat product output in response to the spreading coronavirus, the company has told Argus.
News ID: 8759    Publish Date : 2020/03/18

Luxembourg-based steelmaker ArcelorMittal has decided to temporarily reduce production and shut down several operations in Italy in response to the coronavirus outbreak, according to the union Fiom.
News ID: 8744    Publish Date : 2020/03/17

Italian steelmaker Arvedi is joining fellow producers in slowing output, according to market sources, after a number of customers decided to temporarily shut down or reduce production.
News ID: 8741    Publish Date : 2020/03/17

The company has released its monthly steel output results yesterday which reported fall in crude steel and finished steel output in Feb '20 against the previous month.
News ID: 8715    Publish Date : 2020/03/12

Turkey scrap imports dropped 9% Y-o-Y to 18.8 MnT in CY19 Import volumes from US and Netherlands observed increase, however bookings from UK fell in CY19. Country’s crude steel output fell 9.6% Y-o-Y to 33.7 MnT in CY19.
News ID: 8712    Publish Date : 2020/03/12

Iran’s steel output stood was recorded at 43.28 MnT during the first 11 months of the current Iranian year (21 Mar’19 - Feb’20) to register a Y-o-Y rise of 7.96%. The figure includes both semi-finished and finished steel output.
News ID: 8711    Publish Date : 2020/03/12

Indian Silico Manganese prices remained unchanged owing to the dull steel market conditions. The selling pressure is quite intense in the domestic market. Meanwhile, prices in the export market also softened amidst currency fluctuations and the spread of deadly Coronavirus.
News ID: 8710    Publish Date : 2020/03/12

Heavy rain and stormy seas in Australia's Queensland have forced coking coal export terminals at the Dalrymple Bay Coal Terminal (DBCT) and Hay Point to halt vessels from berthing until 15 March. All berthing and loading operations at Abbot Point will also be suspended from tomorrow.
News ID: 8685    Publish Date : 2020/03/11

Chinese ferrous futures fell today in response to sharply lower crude prices, but erased much of the morning falls as outlooks remain firm for steel demand.
News ID: 8659    Publish Date : 2020/03/09

Italian steel producer Arvedi said its production and logistics are unaffected by the lockdown imposed by the Italian government in 15 provinces in the north of the country, including Lombardy.
News ID: 8658    Publish Date : 2020/03/09

Joint Plant Committee (JPC) released its provisional data for Feb'20 today. According to the released data, India’s finished steel exports witnessed acute fall of 18% M-o-M basis to 0.570 MnT in Feb’20 as compared to 0.694 MnT in Jan' 20.
News ID: 8624    Publish Date : 2020/03/05

The medium scale steel mills in Dhaka, Bangladesh have kept their rebar prices firm over average demand prevailing in local market, Steel Mint learned from its credible sources.
News ID: 8622    Publish Date : 2020/03/05

Steel Authority of India - a government of India company has floated an export tender for prime mild steel non-alloy concast blooms. The tender quantity is reported to be 18,900 MT. The cargo will be shipped from the Haldia port. The tender put up is for size200*280mm offered from the IISCO steel plant.
News ID: 8620    Publish Date : 2020/03/05

Iranian domestic billet prices have witnessed an acute drop this week. The billet prices have fallen by IRR 8,800/kg, W-o-W. As a result of this event, the country’s finished steel prices are also witnessing the drop.
News ID: 8614    Publish Date : 2020/03/03

Iran’s steel output was recorded at 39.46 MnT during the first 10 months of the current Iranian year (21 Mar'19 - 20 Jan'20) to register a Y-o-Y rise of 8.79%.
News ID: 8610    Publish Date : 2020/02/25

Indian private mills have reported poor response in floated steel grade pig iron offers and hence they are offering a discount on bulk orders. This has resulted to drop in price range by INR 100-300/MT in a week.
News ID: 8608    Publish Date : 2020/02/25

Iranian billet export offers witnessed a marginal increase amid active domestic demand. However, no export deals were reported during the week.
News ID: 8565    Publish Date : 2020/02/27

Domestic HR-Plate prices depicted mixed movements with a decline of INR 500/MT in the Mumbai market, however, exhibited stability in Delhi.
News ID: 8563    Publish Date : 2020/02/27

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