Tag Archives: steel market
Global crude steel production in July this year decreased by 3.8 percent year on year and by 2.2 month on month to 133 million metric tons, according to the World Steel Association (worldsteel). In the given month, the average capacity utilization of steel mills across the globe was 68.4 percent, 3.8 percentage points lower compared […]
Turkish import scrap market has been lively over the past week against the backdrop of new transactions and increasing scrap prices.These increases in scrap prices have created a great confusion in the market, while producers have met their immediate scrap needs with the purchases they have concluded in the last seven days for shipments in […]
As of December 8, inventory of iron ore at 33 major Chinese ports amounted to 104.17 million mt, down 650,000 mt or 0.62 percent compared to the inventory level recorded on December 1, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 71 points, up one point week on week. Meanwhile, the Xinhua-China Iron Ore Price Index […]
A new year often brings renewed optimism, excitement for what’s to come and a fresh start with higher prices for those in the steel industry. Customers are more willing to make stock buys, not worried about inventory overhang at year’s end. But the start of 2013 was different. Over the first few months, the market […]
Kim Marti Subirana of Celsa Group, the chairman of the rebar and wire rod suppliers’ committee, said that the long steel market has started to gain stability, after the low activity levels experienced in February due to the cold winter in the northern hemisphere, adding that market activity is expected to accelerate in the coming […]
Uğur Dalbeler, General Manager of Turkey-based Çolakoğlu Metalurji AŞ and Chairman of IREPAS, discussed his high hopes for the Turkish steel market with SteelOrbis Istanbul during the fall SteelOrbis conference and IREPAS meeting.
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.
Mr. Bull: Once again you must have been very satisfied with recent events that, on the very surface only, seemed to support your dire outlook. It appears that the global economic recovery in general is taking a breather and, specifically, most advanced economies are struggling once again. Growth in the US is faltering and the […]
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.
SteelOrbis Shanghai discusses iron ore prices, Chinese economic policies, and their effects on the Chinese and global steel industries with Haiming Qian, Managing Director of Shanghai-based steel and raw material trader Cumic Steel Limited.