The merchant pig iron market retained its pace in the past week, but activity moved from the western hemisphere to the east. The caveat is the Turkey/Syria effect on the scrap market, which has softened somewhat in
the past week, both in demand and prices, also casting a shadow on …

ArcelorMittal expects global apparent steel consumption outside of China to rebound 2-3% on-year in 2023, supported by the end of destocking that characterised the second half of 2022.For China, the steelmaker expects demand to remain stable.“As we look ahead, evidence suggests that the customer destock we saw in the second …

The global crude steel output decline deepened in December, as China, the EU and US all saw steel drops to close out 2022.

Global crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) slid 10.8% on-year in December to 140.7 million tonnes. Compared to November …

The merchant slab market continues to be fuelled by flat product price increases in key importing regions, and expectations of strengthening demand and prices in currently idle markets. A relative shortage of material is also supportive, with sellers withholding material in expectation of further gains.

The Turkish slab import market …