World Steel News

Steel industry faces inventory build, liquidity issues
Tue, 31 Mar 2020 00:00:00 GMT
The performance of domestic steel makers is likely to be adversely impacted in Q1 FY2021 as a result of Covid-19 pandemic and the 21-day nationwide lockdown. As per an ICRA note, domestic firms may have to face challenges such as weak domestic demand, which is likely to lead to inventory pile up exerting pressure on steel prices. Though reported COVID-19 cases in China have slowed down in recent weeks, globally, there is a spike in reported cases in March 2020. This will keep...


Spain temporarily halts steel production
Tue, 31 Mar 2020 00:00:00 GMT
The Spanish Government has temporarily suspended steelmaking and metal manufacturing in the country as a non-essential economic activity. The measure came into force on 30 March for at least a 15-day period. The new extreme measures to prevent the spread of Covid-19 in Spain are creating considerable uncertainty in the steel...


Russia: Severstal says 7 more employees probably contract ...
Tue, 31 Mar 2020 00:00:00 GMT
Seven more employees of Russian steel producer Severstal have possibly contracted the COVID-19, the company said in a statement on March 30. Severstal advised that the diagnosis was confirmed for an employee who was suspected to have the coronavirus. Seven more probable cases of coronavirus were detected during tests of the people...


Russia: NLMK Group employees over 65 stay at home
Tue, 31 Mar 2020 00:00:00 GMT
Due to the COVID-19 outbreak, all NLMK Group employees over the age of 65 in Russia have been asked to stay at home. Employees of an advanced age have the choice of working from home or taking a paid vacation or quarantine leave until April 30. The end date could change, based...


Xinhua Headlines: Construction of Xiongan New Area ...
Mon, 30 Mar 2020 22:47:00 GMT
Stranded by the epidemic in his hometown in neighboring Henan Province during the prolonged Chinese New Year holiday ... Now that the rail-bearing floor has been finished, the bridge and...


Number of news reports: 5
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