Tag Archives: raw materials
According to the American Iron and Steel Institute, in the week ending June 13, 2015, US domestic raw steel production was 1,747,000 net tons while the capability utilization rate was 73.9 percent. Production was 1,889,000 net tons in the week ending June 13, 2014 while the capability utilization then was 78.5 percent. The current week […]
Turkish crude steel output continued to decline in March this year due to pressure from idle capacities in the world steel industry, the increased prices of iron ore and scrap, the sluggishness of the Turkish economy and the reduction of the price gap between raw materials and finished steel, according to the Turkish Iron and […]
Speaking today, March 23, at the SteelOrbis 2015 Spring Conference & 72nd IREPAS Meeting being held in Paris, Eric Louvert from BNP Paribas said that in 2014 apparent demand in China decreased for the first time, while the rest of the world indicated growth. With China’s crude steel output rising by one percent and its […]
Wherever you look, you’ll see crisis after crisis. Economies in Europe and the US are stalling and some are even on the brink of another downturn. Add to that the enormous amount of debt burdening the US and the Eurozone and you can easily see that the next economic meltdown is just around the corner.
Long steel market players from around the world gathered in St. Petersburg, Russia September 25-27 for the SteelOrbis & IREPAS Conference and agreed that aside from a few regional exceptions, the outlook for steel around the globe is surprisingly favorable.
Demand, or a lack thereof, finally caught up with reality and HRC prices have crashed down to earth, dropping about $160/mt in the process. A lot of the earlier, pent-up demand happened because of “restocking” inventory. Guess what? Latest surveys of steel consumers show a high inventory level.
South America’s top steelmakers strategize for success. The South American steel industry is at a turning point. After surviving the worldwide economic downturn relatively unscathed, it has proven itself not only strong on the domestic front, but a growing powerhouse on the global stage.