09
Sep
11:41
One third of blast furnaces restarting, says UBS
Some 34% of blast furnaces idled during the peak of the Covid-19 pandemic are being restarted, UBS bank says in a new steel and iron ore market analysis published this week. The trend is set to continue further.
The bank calculates 72 blast furnaces were idled globally in response to the downturn in demand due to the coronavirus, meaning a capacity of some 132 million tonnes/year was temporarily curtailed. European steelmakers were the most active in idling BFs, s…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous