Kallanish

The on-going absence of US buyers in the global merchant pig iron market is starting to reflect on prices, and this is exacerbated by the softening in Chinese demand and price levels. 

Chinese demand is seasonally affected, but also reflects vast import volumes implemented in the last quarter. These have …

The European Commission has published the final document related to the review of the safeguard system for steel imports. As anticipated, the new amendments will come into force from 1 July, with some important changes in particular to the way tariff-free quotas are allocated.

Firstly, the Commission has changed all …

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell -8.7% on-year in May to 148.78 million tonnes. The association reiterates, however, that many figures are estimates and likely to be revised next month due to the Covid-19 pandemic impact.

China was again one of …

Fitch Solutions expects global automotive production to decline -11.5% on-year in 2020 as a result of Covid-19-related lockdown measures and supply chain disruption.

The current crisis has hit the industry harder than the 2008/09 global financial crash. “Even back in the global financial crisis the industry could still operate, so …