China’s main steel-consuming sectors now have a longer road to recovery. With steel consumption unlikely to recover significantly, production cuts in H2 would be needed to support steel prices.

August was plagued by overall weaker macro-financial data and weaker-than-expected stimulus policies. The performance in the first month of the third …

Summer is fading fast and autumn is approaching. With steel markets now focussed on the seasonal autumn recovery, there remain big questions hanging over the Chinese economy. China’s leaders were meant to be putting doubts to rest after their mid-summer meeting, but policy options remain limited and confidence has not …

China’s scrap market is shrinking, and has been for some time. That is unusual for a developing economy which should be seeing scrap availability surge. This issue looks at why that is, and how the trend might develop in future. After all, it was only recently that some analysts were …

Now that the panic in China’s steel markets has subsided, it is time to re-evaluate our assumptions for 2023. There is a clear need for downward revisions to the more optimistic outlook at the start of the year. However, demand is not as bad as sentiment and revisions should not …