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 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

Free ArcelorMittal Poland to permanently close BF in Krakow

Free Moody’s revises global steel industry outlook to stable amid demand recovery

Free SAIL’s Rourkela mill recovers from pandemic, finished steel output up 19.2% in Q2

Free SEAISI: ASEAN steel exports jump 34% owing to China, intra-region sales

Free Ferrexpo’s iron ore pellet output up three percent in Jan-Sept

Free SEASI: Current overcapacity problem in ASEAN region may worsen

Free Steel consumption in Vietnam expected to recover by year-end

Free Nippon Steel to restart blast furnace No. 2 at Kimitsu works

Free SEASI: Vietnam is only ASEAN country expecting GDP growth in 2020

Free Moody’s completes periodic review of ratings of Thyssenkrupp AG

Free OECD Steel Committee: Global steelmaking overcapacity returns after four years

Free ArcelorMittal SA to restart second BF at Vandebijlpark in January 2021

Free British Steel to contribute to UK economic recovery

Free India becomes net steel exporter to China in April-August

Free JFE Steel restarts blast furnace No. 4 at Fukuyama plant

Free India’s RINL produces 1.15 million mt of steel in April-August

Free SAIL reports $166 million loss for Q1 FY 2020-21

Free Oxygen to be sourced from Indian steel mills for treatment of exponentially rising Covid-19 patients

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.