While announcing the Union Budget, Finance Minister Nirmala Sitharaman said that MSMEs and other user industries have been severely hit by a recent sharp rise in iron and steel prices. It's all about steel market's Problems, Solutions, Updates Recovering economy, sprouting demand and improving prices raise hopes for the country's battered steel sector as it steps into the new year after pandemic-induced disruptions turned … While announcing the Q2 results, steelmaker Tata Steel said that it was in discussions with SSAB concerning a possible acquisition of the IJmuiden steel mill and related downstream assets. Industry Data This Week’s Raw Steel Production In the week ending on January 23, 2021, domestic raw steel production was 1,717,000 net tons while the capability utilization rate was 75.7 percent. Update Pkl: 04:39:13 pm | Tgl: Kamis 4 Februari 2021 | By: Lokerpbk.com | Cikarang, Jawa Barat | … The basic customs import duty on anthracite coal is 2.5 per cent. Sources said that the government may consider removing customs duties on raw materials used for manufacturing of certain flat-rolled products of stainless steel. This research has been conducted annually since 2015 with the aim of providing a comprehensive study on the steel industry. As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021. ... SMU Steel Summit 2020 Insight. Market reaction. STEEL | A complete NYSE American Steel Index index overview by MarketWatch. Coronavirus outbreak to weigh on global steel markets. Steel mills are closing and layoffs mount in the United States steel industry as manufacturers are in their worst crisis in history following the coronavirus pandemic. Event Update. In addition, the market research report provides the necessary assistance and guidance to … Read latest market updates, pricing assessments and analysis across global steel markets from independent commodity consultants CRU. Production was 1,906,000 net tons in the week ending January 30, 2020 while the capability utilization then was 82.4 percent. In the week ending on January 30, 2021, domestic raw steel production was 1,725,000 net tons while the capability utilization rate was 76.1 percent. Amidst Trade Wars caused by US Protectionism and High imports tariff has compelled China to seek new markets, increasing its Steel … PJSC Magnitogorsk Iron and Steel Works (MMK) 26-Jan-2021 / 07:54 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. Rating agency ICRA has revised steel industry outlook to negative from stable as back-to-back extensions of lockdown is likely to result in a severe steel demand slowdown which is estimated … Wheatland, ExlTube raise standard pipe tags Feb 02, 2021; US crude steel output inches up by 0.5% Feb 02, 2021; Seaborne PCI fob and cfr prices diverge Feb 02, 2021; Iron ore falls on poor steel demand, weak sentiment Feb 02, 2021; Chinese rebar market … Tomorrow is different. 24 April 2020. US Steel’s stock declined by close to 30% between 8th March 2020 and 12th March 2020, and the stock is down … For other continuing cases from 2020, see the updates for December,... Email this article. 24 April 2020 Steel mills are closing and layoffs mount in the United States steel industry as manufacturers are in their worst crisis in history following the coronavirus pandemic. That is down 9.7 percent from the 8,149,000 net tons during the same period last year, when the capability utilization rate was 82.4 percent. The current week production represents a 9.5 percent decrease from the same period in the previous year. Vanadium market update: A look ahead Looking ahead, for CRU’s Thomas, steel demand looks more likely than ever to determine the vanadium market prospects in 2020. Fundamental steel market data is available to analyze on an interactive online tool. Reviewed and approved by the OECD Steel Committee, they are disseminated approximately twice a year to the public to allow policymakers, industry… Complimentary . Washington, DC 20001 UK’s biggest steel producer reportedly seeks government support as it takes big hit in pandemic Published: 25 Apr 2020 Tata Steel needs '£500m government bailout' as Covid-19 halts production It is anticipated that steel prices will drop by some five percent between 2018 and 2019. 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