.gif?width=220&height=200&mediaprotectionhash=b13da841472e6e7ed500ee35df2a350aaf53d75246118b33ea2095cc7e9a3fc4&ext=.gif)
Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Survey: Coronavirus Pushes Chinese Mills to Consider Curtailments
18 February 2020 - Market impacts from the coronavirus outbreak have prompted roughly one-third of Chinese steel producers to consider production curtailments, according to a survey published by commodities news and price reporting service S&P Global Platts.
EUROFER: Persistent Challenges Likely to Weigh on EU Steel Markets in 2020
30 January 2020 - Steel demand in the European Union continued to lag in the third quarter of 2019 and isn’t likely to significantly improve until at least the second half of this year, according to the European Steel Association.
Work Begins on Nucor Plate Mill
29 January 2020 - Nucor Corp. has begun moving earth for its US$1.35 billion plate mill in Kentucky and has struck an arc on the electric arc furnace (EAF) at its new rebar mill in Missouri, Nucor president and chief executive officer Leon Topalian said on Tuesday.
Gerdau to Halt Melting, Rolling Operations at Michigan Mill
27 January 2020 - Gerdau Special Steel North America will idle the meltshop and rolling mill at its Jackson, Mich., USA, plant this April and shift production to two other facilities, the company has announced.
Record Mill Shipments, Strong Sales Contributed to Profitable Year at SDI
23 January 2020 - Despite falling steel prices that marked much of 2019, Steel Dynamics Inc. (SDI) recorded one of its best years ever, posting record shipments and near-record net sales, the company reported Thursday.
Chinese Steel Production Reaches New High
17 January 2020 - Robust demand pushed China’s crude steel production to a record 996 million metric tons in 2019, reports the Reuters news service.
ArcelorMittal Blast Furnace to Return to Service, But Other Outages Planned
10 January 2020 - ArcelorMittal intends to put an idled blast furnace back into service at its Gijón plant in northern Spain, but will halt other production lines this quarter in order to cope with lower demand, reports Kallanish Steel.
Liberty Announces Layoffs at U.K. Mills
10 January 2020 - Citing challenging market conditions, Liberty Steel Group will lay off up to 355 employees at its U.K. mills in South Yorkshire and South Wales, the company has said.
Monnet Ispat Eyes Restart
02 January 2020 - Indian steelmaker Monnet Ispat & Energy is to resume steel production this month following an extended outage for maintenance and upgrades, according the Business Standard newspaper.
Nippon Steel Nisshin to Halt Blast Furnace
26 December 2019 - Nippon Steel Nisshin Co. Ltd. plans to bank a blast furnace in southern Japan next year, saying that a slowing market and other factors necessitated the move.
U. S. Steel Accelerates Best of Both Strategy
20 December 2019 - United States Steel Corporation plans to indefinitely idle parts of its Great Lakes Works in Michigan next year as it advances its “best of both” strategy, through which it intends to narrow its operational focus to a few core integrated assets and expand into electric arc furnace steelmaking.
Steel Demand Intact, But SDI Expects Lower Q4 Profits
17 December 2019 - Planned outages, lower prices and seasonally lower shipments are likely to offset Steel Dynamics Inc.’s fourth-quarter profits, the company has said.
ArcelorMittal, Nippon Steel Look to Expand Essar Steel
16 December 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market.
Faster Than a Speeding Bullet, Tesla's Cybertruck Is Also Impervious to Them, Thanks to Its Stainless Steel Construction
22 November 2019 - Ford Motor Co. rattled the steel industry back in 2014 when it debuted an aluminum-bodied version of the best-selling Ford F-150 pick-up. And now, it’s Tesla’s turn to shake up the automotive market with its electric Cybertruck, which was revealed Thursday.
TMK Sees Revenue Dip in First Three Quarters of 2019
20 November 2019 - Revenues at Russian oil country tubular goods maker PAO TMK declined 4% through the first nine months of 2019 on account of reduced sales in North American and Europe, the company said Wednesday.
Leaning Into Market Headwinds, Tata Steel Europe Proposes Major Restructuring
19 November 2019 - Tata Steel Europe plans to eliminate up to 3,000 jobs and boost sales of higher-value steels part of a broad restructuring brought about by a soggy European market.
ArcelorMittal Halting Polish Blast Furnace, Steel Shop
14 November 2019 - After delaying plans to temporarily idle the blast furnace and steel shop at its Krakow works, ArcelorMittal Poland is now moving ahead, saying that a softening steel market is forcing its hand.
ArcelorMittal to Idle Indiana Blast Furnace
13 November 2019 - ArcelorMittal has decided to put the No. 3 blast furnace at its Indiana Harbor works in Indiana on idle and await an improved market rather than undergo an expensive, near-term reline, reports The Times newspaper of northwest Indiana.
Italian PM Promises to Block ArcelorMittal’s Ilva Exit
07 November 2019 - Italian Prime Minister Giuseppe Conte said he will not allow the world’s largest steelmaker to walk away from its agreement to acquire the country’s largest steel works and promised a vigorous court fight if it does.
EUROFER Expects Weak Steel Demand Through Remainder of 2019
31 October 2019 - The downturn in European steel demand is likely to persist through the end of this year and into 2020, according to a new forecast from the European Steel Association.
_1.jpg?width=100&height=200&mediaprotectionhash=e817ea75e8c413fd6ce48f3d3af9bfea72af81b1ec90ee33ad39b089fd969104&ext=.jpg)
