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.

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Free Antamina mine in Peru resumes production operations

Free ArcelorMittal resumes production at Bosnia plant

Free Ann Joo Resources and Southern Steel abandon partnership plans

Free Odisha iron ore end-users seek cap on prices

Free China’s shipbuilding output down 17.1% in Jan-Apr, new orders up 4.1%

Free German crude steel output in April the lowest since June 2009

Free Fitch expects world GDP to fall by 4.6 percent in 2020

Another price increase in Turkish coated steel market

Free Ukraine’s steel output down sharply in April

Free China’s steel sheet and plate exports up 5.1% in Apr

CSC increases local flats prices for July amid positive post-pandemic outlook

Indian CRC prices slump with sentiments hit by Covid-19 cases in auto plants

Free China's excavator output up 49.5 percent in April

Free ArcelorMittal Zenica suspends production in Bosnia

Free Italian crude steel output collapses in April

Free Iron ore inventories at Chinese ports increase slightly

Free Brazil mining sector will be first to recover post-pandemic

Free ICRA revises Indian steel industry outlook to negative from stable

Free Hoa Phat to produce 500,000 mt of HRC and 800,000 mt of merchant billet in 2020

Free CISA: China’s steel demand to improve further, prices to increase

Free Vietnamese steelmakers see positive results despite pandemic

Free Brazilian civil construction activity in March declines to lowest level due to Covid-19

Indian exporters raise deal prices, target $400/mt FOB and above now

Free German steel industry polarized by EU safeguard measures

Free India’s national lockdown extended again until May 31

Free India’s crude steel production down 70 percent in April

Free FIMI seeks ban on pellet exports in opposition to Indian producers

Free ArcelorMittal postpones halt of BF No. 2 at Fos-sur-Mer site in France

Ex-China wire rod prices move up, offers from India and Indonesia more competitive

Free UAE’s temporary ban on scrap exports to impact Indian buyers

Free Alacero sees risks from Chinese steel industry

Free Output of main Chinese carmakers down 19% in early May month on month

Free Turkish motor vehicle output plunges in April amid shutdowns

Free Tata Steel may split European units into Dutch and British units

Free Salzgitter expects loss of over €100 million for 2020

Free Cleveland-Cliffs mulls restart of construction at HBI site in Ohio

Free Indian auto industry warns of 45% drop in sales in FY 2020-21 due to pandemic

Free Mexican industrial output declines in March

Free ArcelorMittal reviews Vega do Sul project in Brazil

Free POSCO plans production cuts for first time since 2008

Free Thyssenkrupp’s loss widens in H1 FY 2019-20 amid pandemic

Free EUROFER: Worst performance in EU steel demand since 2012

Free China’s retail passenger vehicle sales up 36.6% in April from March

Free CAAM: China's auto output rises by 46.6 percent in April from March

Free Italy’s ThyssenKrupp Acciai Speciali Terni to extend its shutdown

Free US construction industry loses nearly 1 million jobs in April

Free Lockdown in Kuwait to impact steel business activities

Free Saudi Arabia takes unpopular financial measures to support economy

Free Hunan Valin Steel’s April crude steel output almost unchanged from March

Free US unemployment rate soars to 14.7 percent in April

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