Despite a relatively slow end to the summer holiday season, US sheet prices remain robust - and market sources don’t expect them to cool off in the summer. All over the world coil prices are trending downward, but the US market is currently not expected to be following this negative …

Iron ore prices should ease further in the coming months after the iron ore price rally started to show signs of weakening, according to Fitch Solutions. Demand from Chinese steel producers peaked in the first half of 2021 and this is coinciding with improved global supply.

The research firm has …

Major Japan-based semiconductor manufacturer Renesas expects semiconductor shortages for the automotive industry to continue until the middle of next year, says company chief executive Hidetoshi Shibata.

Renesas returned to full production in July following its plant fire in March.

“We expect to compensate for the lost production volumes due to …

ArcelorMittal has upgraded its global apparent steel consumption growth forecast for 2021 to 7.5-8.5% on-year from the previous 4.5-5.5%, with capacity expenditure guidance also up to $3.2 billion. A strong demand outlook improvement has been indicated for Europe, where now apparent steel consumption is expected to recover 13-15%, up significantly …