Tag Archives: steel prices
Change is inevitable. In a society where the latest gadget becomes outdated nearly the instant you swipe your credit card, if a product or company isn’t changing and adapting, it will fall behind while its competitors thrive. Corporations and countries are constantly fighting to become the “next big thing” and become more self-sufficient.
A glimpse of which 2012 North American steel industry developments will have the greatest impact in the market.
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 […]
SteelOrbis Shanghai explains China’s current monetary policy and the effect on steel prices with Shen Xinfeng, General Manager of Shanghai Huifu Trading Co.,Ltd.
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.
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.
What a promising start to 2011! Even though rapidly-rising steel prices have been met with a measure of restraint, and the robust levels of purchasing activity were largely based on inventory restocking, the situation did not necessarily inflate into a bubble as many predicted early in the year.
It goes without saying that the steel industry needs the scrap industry; without an abundant supply of leftover steel from consumers, manufacturers and demolishers, steel plants would have to rely entirely on iron ore for their raw material. Sure, iron ore is more pure than scrap and can produce higher-quality steel, but it’s costlier to […]
he last time we spoke, Mr. Bull, you advised me to look out for your steaming freight train that was about to hit, or at least arrive, in Q1 2011. I have been on the lookout ever since, straining my eyes and even buying more powerful binoculars.