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According to experts, the outbreak and spread of the COVID-19 pandemic may adversely impact the expansion plans of domestic steel makers.
Moody's Investors Service said that South Korean steelmakers will suffer a sharp decline in demand and prices due to the growing coronavirus impact on the steel and related industries.
Latin American steel association Alacero estimates that the steel industry figures will continue to worsen amid the new environment of the health crisis and its economic effects.
Kazakhstan’s Ministry of Industry and Infrastructure Development said that a new plant in Almaty in southern Kazakhstan will produce 100,000 tonnes of large-diameter steel pipes annually.
With Britain's fragile steel sector faces yet another crisis as the pandemic hammers firms and the economy plunges towards a recession, Union leaders issued a rallying call to workers to follow strict social distancing...
A key component of Algoma Steel's ongoing CAD 300 million construction blitz has been temporarily halted because of uncertainty over COVID-19 regulations.
ArcelorMittal has notified the United Steelworkers union that it plans to lay off steelworkers at the ArcelorMittal Indiana Harbor steel mill in East Chicago.
Mexican integrated steelmaker Altos Hornos de Mexico has cut output levels due to Covid-19, after Mexico declared which areas are considered essential.
Fitch Ratings has downgraded ArcelorMittal SA's (AM) Long-Term Issuer Default Rating IDR and senior unsecured ratings to 'BB+' from 'BBB-'. The Outlook on the Long-Term IDR remains Negative.
Hindustan Times reported that 7 Japanese nationals working in private company in Jharkhand’s Jamshedpur were sent back to their home country by a special chartered flight on Tuesday after request from Japan during the...
Nippon Steel Corporation said that it has been lowering the tapping ratio of blast furnaces, extending the time between blasting, and taking other measures to reduce overall steel output volume but responding to the...
PTI reported that facing reduction in demand due to the lockdown in the India, primary steel makers such as Steel Authority of India Ltd and Tata Steel have reduced their output by about 50 per cent.
JSW Steel has reported crude steel production of 16.06 million tonnes in 2019-20 which marked a 4 per cent decline from 16.69 million tonnes in 2018-19.
Argus reported that ArcelorMittal USA is expected to idle a blast furnace at its Cleveland flat-rolled steel mill as coronavirus-related shutdowns continue to ripple across the steel industry.
Business Standard reported that the coronavirus Covid-19 pandemic and the resultant shutdown have started impacting companies with Uttam Galva Steels,
ArcelorMittal has joined forces with leading researchers and medical professionals in Spain to produce ventilators, ramping up efforts to find solutions for treating coronavirus.
Leader of engineered pipeline systems for water infrastructure Northwest Pipe Company has been ordered to close its water infrastructure manufacturing facility in San Luis Rio Colorado in Mexico through April 30, 2020
The COVID-19 pandemic and its global impact will have a negative influence on voestalpine results for the past business year 2019/20, both operationally and as a consequence of one-time effects.
WTOV9 reported that the steel industry is greatly affected by the COVID-19 pandemic, but ArcelorMittal mill in Weirton has seen an increase in demand. Weirton's United Steelworkers Post 2911 President Mark Glyptis said...
ArcelorMittal Bremen has commissioned the AI company Smart Steel Technologies to introduce its SST Casting Optimization AI and SST Surface Inspection AI software products.
To comply with environmental regulations and improve production, HBIS Shijiazhuang Iron & Steel Co Ltd has signed a contract with Primetals Technologies for a new steel rod mill in Shijiazhuang, Hebei Province,...
Last week, SSAB initiated employer-employee negotiations concerning temporary lay-offs in its Finnish operations following weakened market conditions as a result of the Covid-19 pandemic.
Nippon Steel Corporation, its 100% subsidiary Nippon Steel Metal Products Co Ltd, Kobe Steel Ltd and its subsidiary Kobelco Engineered Construction Materials Co Ltd have reached a basic agreement on the integration of...
Worthington Industries has filed antidumping and countervailing duty petitions against Certain Non-Refillable Steel Cylinders from China.
The Daily Star reported that steel manufacturers in Bangladesh are bracing for massive losses as the coronavirus pandemic has disrupted the import of raw materials and production.
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|---|---|---|---|---|---|---|
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