China’s daily crude steel production slowed in early October in response to the recent slump in domestic prices.

Scrap prices in the world’s major markets except the United States continued to strengthen in the week from Monday January 8 to Friday January 12 amid low supplies of material.

South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.

Most global steel billet prices fell in the week ended Friday January 26, amid low trading and weak market sentiment.

China’s daily crude steel output rebounded in early November following a price recovery since the end of October.

Several more Chinese steelmakers joined in the production cuts bandwagon on Monday July 30 to relieve sales pressure amid a weak market.

JSW Steel Ltd, the flagship of the JSW Group and one of the lowest-cost steel producers in the world, has reported a monthly growth of 25% in crude steel production for May.

European steelmakers have called for the European Commission (EC) to review its decision to liberalize its import safeguard measures by increasing quota volumes by 5% each year, Fastmarkets has learned.

China’s largest private-owned steelmaker Shagang reported a net profit increase of 113.9% on the year for the third quarter of 2013.

History shows that crises such as the Wuhan coronavirus have a relatively short-lived impact on global financial markets. Commodities such as soybeans, metals and paper have longer-term issues to worry about.