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World Steel Sees Recovery in 2021
20 June 2020 - Steel producers throughout the world generally should see demand pick back up in 2021, but it could take at least two years for it to return to pre-pandemic levels, according to a World Steel Association (worldsteel) economic forecast.
SDI Issues Q2 Guidance
19 June 2020 - Steel Dynamics Inc. (SDI) expects to report second-quarter earnings in the range of 29 cents to 33 cents per share, but is looking for business to improve as steel-consuming businesses resume operations.
Nucor: Q2 Likely to Be Better Than Expected
18 June 2020 - Nucor Corp. is forecasting second-quarter earnings of 10 cents to 15 cents per diluted share, a better-than-expected result that is supported in part by non-residential construction demand, the company said Thursday.
Flat-Rolled Demand Is Beginning to Improve, U. S. Steel Says
17 June 2020 - United States Steel Corporation expects to report a second-quarter loss, but said it believes the quarter will mark the bottom of this year’s COVID-19 downturn.
GFG Alliance Accelerates Carbon Reduction Investment Plans
12 June 2020 - GFG Alliance is stepping up investment plans but will seek cost savings and efficiency gains throughout its global operations as it looks to adapt to a new environment.
China Pulls Further Ahead in Steel Production
11 June 2020 - The novel coronavirus pandemic is helping China widen its lead as the world’s largest steel producer, reports The (London) Financial Times.
Cleveland-Cliffs to Restart Iron Ore Mine as Demand Begins to Rebound
09 June 2020 - Iron ore miner and steelmaker Cleveland-Cliffs Inc. is resuming construction of its hot briquetted iron (HBI) plant in Ohio and moving up plans to restart an idled iron ore mine in Michigan.
EU Steelmakers Push for Lower Import Limits
08 June 2020 - Europe’s leading steelmakers are calling on the European Commission to lower the limit on the amount of steel that can be imported tariff-free into the bloc, saying that a potential flood of inexpensive steel threatens an already imperiled industry.
voestalpine Delays Opening of Special Steel Plant
05 June 2020 - Delayed deliveries are forcing voestalpine to push back the expected completion date of its advanced special steel plant in Kapfenberg, Austria.
World Steel Association Looks for Steel Demand Rebound in 2021
04 June 2020 - Global steel demand is expected to contract 6.4% this year but might begin to rebound next year, according to a World Steel Association forecast.
Global Steel Production Declined in April
28 May 2020 - Global crude steel production fell an estimated 13.5% in April to 136.4 million metric tons, according to new numbers from the World Steel Association.
thyssenkrupp Keeping All Options Open for Steel Unit, Including Merger
19 May 2020 - thyssenkrupp is accelerating plans to reorganize its overall business and is exploring a potential merger of its steel unit, the company said Monday.
Latin American Producers Caution on Potential Import Problems
14 May 2020 - Alacero, the Latin American Steel Association, is warning of a potential flood of Chinese-made steel as that country ramps its economy back up while others slog through the COVID-19 pandemic.
Cleveland-Cliffs Eager to Resume HBI Plant Construction
12 May 2020 - Cleveland-Cliffs Inc. plans to resume work on its hot briquetted iron plant as soon as possible to meet anticipated demand, chairman and chief executive Lourenco Goncalves said.
EUROFER: Challenging Times Ahead for EU Steelmakers
12 May 2020 - Europe’s industrial sector might fully restart by July, but output likely will remain down through the end of the year, according to a new demand forecast from the European Steel Association.
Automakers Set to Resume Production
11 May 2020 - Detroit’s three automakers, Ford, General Motors and Fiat Chrysler, will undertake a phased restart of their North American plants next week, reports WardsAuto.
Fiat Chrysler Plans for May Restart
07 May 2020 - Fiat Chrysler Automobiles (FCA) is looking to resume production at its North American plants in a little more than a week, reports Wards Auto.
Tenaris Begins Restart of Italian Plants
01 May 2020 - Pipe and tube maker Tenaris is gradually restarting its Italian operations, but with strict safety measures firmly in place, the company reports.
Steel Production Fell in March. Here’s How Much.
27 April 2020 - Global crude steel production fell approximately 6% in March, but a more precise reading won’t be available for another month, according to the latest production tally from the World Steel Association.
SDI: No Changes Yet to Texas Mill Construction Schedule
21 April 2020 - Steel Dynamics Inc. (SDI) said it continues to aim for a mid-2021 start-up of its new Texas sheet mill, but will re-evaluate that goal as the year progresses.
