ArcelorMittal will restart Spanish blast furnace
Arcelor Mittal said on September 1 that it will temporarily restart the shutdown of its Gijon smelter from the end of September, and is expected to resume some of the other upgrade plans postponed in 2019, which will be in this week. Start preparations for restart. Due to a sharp drop in demand, furnace A in Gijón was closed in April. The crude steel capacity of furnace A is about 2.7 million tons/year, and the capacity of the other blast furnace is about 2.5 million tons/year. In May 2019, due to intensified import competition and rising energy costs, ArcelorMittal cut Gijon and Avilés' steel production of 5 million tons/year by about 800,000 tons/year, but then due to the epidemic The economic slowdown has further reduced production measures.
ArcelorMittal also suspended the production of its 250,000-ton/year rolling mill in Lesaka, which produces organic coated coils for the automotive sector, and Sagunto ( Sagunto's steel rolling mill's production capacity, which is mainly used for galvanized products in the automotive sector, is about 600,000 tons/year. The company confirmed that both companies will restart.
According to data from the official statistical agency INE, Spain’s June industrial data showed that the economy was continuing to recover in June. The country’s industrial production index fell by 14% year-on-year, while the May adjustment fell by 24%. A decrease of 34%. As COVID-19 is still affecting Spain's economy, the company said it will continue to work to improve operations and reduce costs to maintain the sustainable development of its Asturian complex.

UAE building materials demand is weak, billet prices remain stable
Since August 17, UAE producers have quoted prices of AED 1,800-1,830/ton (US<90-498/ton) for rebar in September, and the transaction price this week is about AED 1,730-1800/ton.
A local trader said that due to uncertainties in the construction market, domestic demand for building materials is relatively weak, and there will be no signs of recovery in the short term. As of September 2, the ex-factory price of domestic rebar in the UAE was AED 1730-1800/ton, a decrease of AED 50/ton from the previous week.
In terms of imported billet, the quotation of Oman billet is CPT 440-445 US dollars/ton, which is the same as last week. There is no transaction news. The import price of Jebel Ali Port was stable at CFR 440-445 USD/ton, unchanged from week to week.

Iranian billet export prices rise with strong Asian demand
With the strong demand in Asia, the market's willingness to accept the increased prices of imported semi-finished products is acceptable, and Iranian billet export prices have risen.
It is understood that Iranian Mobarakeh Steel (MSC) sold a batch of slabs to Asia this week at a price of FOB 425/ton, and its subsidiary Hormozgan Steel also reached a deal last week at a price of FOB 422/ton. Both shipments are scheduled to be shipped in November. At the same time, Iran’s Khouzestan Steel Company’s sales target price for this week is FOB 430 USD/ton.
It is reported that in addition to the goods shipped in November, some slabs can be shipped immediately at a price of FOB 417 USD/ton (Iran's southern port). A trader said: “Recently, the demand for slabs on the Iranian Commodity Exchange has been weak, and some steel mills have allocated domestic trade quotas to their export business.”
As of September 2, the average export price of Iranian slabs was US<22/ton, an increase of US'7/ton on a week-on-week basis. At the same time, this week's Iranian steel mills are quoting more than US<05/ton (FOB southern Iranian port) for export billet

U.S. Big RiverSteel Plant shuts down its galvanizing line for 2 weeks due to power outage
Big River Steel is located in Arkansas, USA and officially opened on March 1, 2017. It uses the most advanced special steel production technology of German SMS Siemag and integrates the AI algorithm developed by the American technology company Noodle.ai The application technology realizes the intelligent chemical factory. Due to the adoption of the latest technology to avoid environmental pollution, BRS Dahe Steel Plant is currently the only green steel manufacturer in the world that has obtained the LEED environmental protection certificate.
Recently, Dahe Steel said that it will shut down its galvanizing line at its Osceola Steel Plant in Arkansas for about two weeks. It was mainly due to a "substation failure" in Entergy, Arkansas, which caused a sudden power outage. The sudden power failure caused damage to the coating production machine. Since the galvanizing line had its own electrical failure during the restart of the machine, it is expected that the repair will take 10 to 14 days. During this period, Big River will carry out annual maintenance work on the galvanizing line and electric arc furnace originally scheduled for late October. Keith, Chief Commercial Officer of Dahe Steel Plant, pointed out, “This power outage will not affect customer orders. Although this accident is unexpected, we can still increase production capacity in the future by predicting the number of days required for machine maintenance and shutdown. Continue to meet strong customer demand for galvanized products."