Kallanish

The scrap market has seen a fairly decent rebound and solid demand with balanced availability, but its sustainability is uncertain due to the lack of finished product demand. So says the International Rebar Exporters and Producers Association (Irepas) in its monthly short-range outlook published last week.

In a “…confusing” long …

After a long period of decreases across the globe, hot-rolled coil prices are finally recovering in most markets. The recovery was first initiated in mid-October in Turkey and North America, as a direct consequence of the pickup in scrap prices.

Turkish prices recovered some $20/tonne in two weeks since mid-October, …

Regionalisation in the global steel market is continuing to accelerate, creating many problems for participants and for the wider industry. This is according to a number of speakers at last week’s World Steel Dynamics conference in Milan.

Michel Van Hoey from McKinsey & Company calculates that in 2018 only 22% …

World crude steel production for the 64 countries reporting to the World Steel Association declined -0.3% on-year in September to 151.5 million tonnes. This represented the first monthly decline in 2019.

It came as Chinese output growth slowed to 2.2%, giving a tonnage of 82.77mt. Indian output, meanwhile, grew 1.6% …