Steel Industry Insight
The antidumping petition filed by some domestic US steel mills against rebar imported from Turkey and Mexico hit the news headlines in early September. In addition to their claims of dumping of Turkish rebar at low prices in the US market, the US mills in question also allege that Turkish exporters have received subsidies and […]
Can China and Mexico’s contentious steel trade relationship be fixed? Latin America has become a beacon for excess capacity of steel in the world—reportedly around 328 million tons—due to the economic stress on Europe and the shrinking of some markets. Countries such as Russia, Turkey, Ukraine and South Korea have substantially increased their exports to […]
Eunice Ouyang Editor,SteelOrbis China A stimulus package estimated at RMB 4 trillion ($570 billion) initiated by Premier Wen Jiabao in 2008 has become an object of public denunciation as it has been a trigger to stimulate a rapid inflation, despite some economists mentioned this package successfully help China avoid a global recession. Through spending such […]
By Eric J. Stuart Vice President, Environment & Energy Steel Manufacturers Association Recycled ferrous scrap typically constitutes over 90 percent of the material input of electric arc furnace (EAF) steel producers, aka “minimills.” The recycling of steel scrap in EAFs plays an important role in the conservation of energy. On a per-ton basis, steel produced […]
It wasn’t all that long ago that Brazilian mining company Vale S.A. decided to enter the global shipping market. The move made sense; instead of hiring global shipping companies to transport iron ore from Brazil to Chinese steel mills, Vale would construct its own fleet. Up until then, the most commonly utilized iron ore carriers, […]
On January 29, news broke that Big River Steel, LCC planned to build a new steel mill in Mississippi County, Arkansas. The man behind the new venture is none other than John D. Correnti, the former president and CEO of Nucor Corporation. Expectedly, news of the project drew a myriad of speculation, concerns and excitement. […]
At the SteelOrbis Fall 2012 Conference and 67th IREPAS Meeting held in Munich, Peter Marcus from World Steel Dynamics gave a speech entitled “Steel: Opportunity in Crisis”.
At the SteelOrbis fall 2012 conference & 67th IREPAS meeting held in Munich on September 30-October 2, Dirk Sauter from Schrott Wetzel GmbH made a presentation enttitled “The German Scrap Market, Today and in Future.”
During the SteelOrbis fall 2012 conference & 67th IREPAS meeting held in Munich on September 30-October 2, Alexander Gordienko from CELSA Group gave a speech entitled “Global Market & Macroeconomics”, analyzing growth forecasts for the global economy and latest trends in long steel production and consumption.
For several weeks, import offer prices of rebar and wire rod to the US from Turkey kept slipping further and further down, while many potential US customers just sat back and waiting for prices to hit bottom. But instead of hitting bottom and staying there long enough for buyers to actually have a chance to […]