Coronavirus Impact on Steel Markets

Originating in the Chinese city of Wuhan in December, the coronavirus first spread to neighboring countries before spreading to many others including an increasing number of European countries. On the SteelOrbis website, you can view up-to-date articles focusing on the latest developments regarding the virus and its effects on the steel markets.

Start Date
End Date

Free EU new passenger car registrations down 24 percent in January

Free EUROFER: EU auto output to slump 19.5% in 2020, rebound by 15.9% in 2021

Free EUROFER: EU steel usage falls in Q3 2020, Q4 foreseen to be better

Free Voestalpine reports loss for Q3 FY 2020-21, revises EBITDA forecast for full year 

Free Euro zone manufacturing growth remains resilient in January

Free Russia’s MMK’s net profit down in 2020 amid coronavirus, picks up in Q4

Free Mining activities allowed during Peru’s new lockdown

Free EU new passenger car registrations down 23.7 percent in 2020

Free Rio Tinto achieves strong iron ore performance in 2020

Free Brazil mining regulator may delay decisions due to increasing Covid cases

Free Steel prices in Vietnam to hit four-year peak in 2021

Free Fitch Solutions: Steel sector to see more favorable pricing environment in 2021

Free IREPAS: Tight supply drives global long steel prices higher

Free Ukraine-based Group DF’s ilmenite concentrate output to fall 20% in 2020

Free Nucor starts operations at rebar micro mill in Florida

Free Japan’s crude steel output to fall in FY 2020-21, to hit 90 million mt next year

Free EU new passenger car registrations down 25.5 percent in Jan-Nov

Free Uğur Dalbeler: Safeguard measures to remain in the spotlight in 2021

Free Nippon Steel to start new galvanizing line at Kimitsu in Q1 2021

Free Poland-based JSW’s sales revenues down in Jan-Sept due to coronavirus

Free Thyssenkrupp posts profit for FY 2019-20, to cut jobs

Free BlueScope optimistic as demand recovery outpaces expectations

Free Vietnam’s steel output, sales and exports decline in January-October

Free ArcelorMittal’s Acindar increases steel output

Free Gerdau Diaco expects decreased output and sales in 2020

Free China’s auto dealer inventory warning index up slightly in Oct from Sept

Free Voestalpine reports loss for H1, revises expectations for full year 

Free JFE Steel expects lower loss for full year

Free Borusan Mannesmann posts sales revenue of TRY 2.66 billion for Jan-Sept

Free Outokumpu expects stable EBITDA in Q4, cuts jobs

Free Salzgitter expects loss for full year

Free Nippon Steel expects demand to recover in H2

Free Evraz halts production at Pueblo facility following COVID outbreak

Free Aperam’s sales revenues down in January-September

Free EUROFER: EU auto output to slump 20.6% in 2020, less than previous outlook

Free Kobe Steel forecasts better output and sales owing to demand recovery

Free India-based NMDC’s iron ore output to meet expectations despite monsoon

Free EUROFER: EU steel consumption records most severe drop ever in Q2

Free Hoa Phat commissions convertor meltshops supplied by SMS group

Free Hyundai Steel reports net loss for Q3, expects demand to increase

Free Anglo American maintains iron ore output guidance at Kumba

Free New e-auction platform to help steel suppliers sell excess material

Free EUROFER: Global steel groups urge governments to expand efforts on overcapacity crisis

Free Russia’s Severstal expects domestic steel usage to fall 6% in 2020

Free German crude steel output decreases by 9.7 percent in September

Free Belgium’s NLMK Clabecq to invest €30 million to upgrade rolling mill

Free Bangladesh-based BSRM to invest in new steel plant

Free Canada-based Stelco completes blast furnace upgrade

Free Vietnam’s Hoa Sen Group’s profit increases 4.8 times

Free Fitch: Latin American miners to see better H2 amid recovery in China, Brazil

Disclaimer: Although the data in this publication have been taken from reliable sources, their integrity, accuracy and stability/constancy cannot be guaranteed. The data in this publication are not comprised of data gathered from transactions carried within the SteelOrbis system. Reports shall in no way be taken as a proposal for selling and buying. SteelOrbis assumes no responsibility from losses caused by using these data in commercial transactions. Please contact the Customer Relations Department for further questions.