Global Crude Steel Production Forecast To Exceed 1.7 Billion Tonnes in 2018

Provisional estimates indicate that global crude steel production in 2017 increased by 5.3 percent, year-on-year, to reach 1.69 billion tonnes. China’s reported output growth, at 5.7 percent, resulted from rising production by the country’s major mills, following the closure of hundreds of induction furnaces. Output from these small facilities was previously not included in official […]

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The MEPS Global Steel Price Escalates 16 Percent Year-On-Year In February

The upward trend in global steel values continued in February, with North American and European flat product steelmakers securing a vast proportion of their tabled price hikes, owing to improved market fundamentals. From MEPS research, in February, many North American and European steel buyers report that rising international selling figures aided the latest price advances. […]

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