Issue 48, 2024 - This week's editorial: European industry woes worsen, scrap price bottoming debated

Europe threw up some notably bleak headlines last week, even by its own recently depressing standards, with two of its largest steelmakers, ArcelorMittal and thyssenkrupp, announcing a suspension of decarbonisation investments and huge layoffs respectively. Participants …

Issue 47, 2024 - This week's editorial: Europe M&A punctures gloom, Chinese prices tick up

Last week confirmed that Europe is a bottomless pit of negative news, but there were also positive M&A developments. ArcelorMittal was said to be considering closing two service centres in France, while Ford became the latest …

Issue 46, 2024 - This week's editorial: Asian markets come off, Europe rises despite economic despair

Global steel markets drifted last week as participants digested the repercussions of the post-election shift in US policy and hoped for more stimulus news from China following the recent disappointing announcements. Asian prices came down …

Issue 45, 2024 - This week's editorial: Trump victory, China debt package evoke muted market reaction

The week everyone had been waiting for finally came and then went again, without improving prospects for most market players… unless you are a US steelmaker or oil & gas company that is. Donald Trump’s …