Market News

  • 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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  • Finished Steel Selling Figures Rise In Emerging Steel Markets

    • Brazilian steelmakers remain optimistic about the growth prospects for domestic steel consumption. Service centres and traders are however concerned regarding the upturn in the pricing positions being adopted by their domestic suppliers. The majority assert that the latest initiative is unsustainable and does not reflect real demand. Meanwhile, the Instituto Aço Brasil and the Ministry […]

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  • New World Order Is Reshaping Stainless Steel Market

    • Global stainless-steel production reflects the shift in relative size and influence between the world’s established and developing economies. China’s crude stainless-steel output has grown almost five-fold, since 2006, to represent close to 55 percent of the worldwide total, in 2016. In that year, India overtook Japan, to become the world’s second largest stainless-steel producer. Indian […]

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  • EU STEEL PRICES TO REACH SEVEN-YEAR HIGH IN SPRING 2018

    • European flat and long product steel selling figures increased in January. Local mills raised their offer prices in an attempt to recoup recent rises in raw material costs. Further escalation in steel prices is anticipated, in the short term. Consequently, the MEPS EU average all products composite selling figure is expected to rise to its […]

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  • Mobile Canning Concept Developed By Tata Steel To Cut Food Losses

    • Tata Steel has developed a mobile canning line concept which, it claims, will allow farmers, anywhere in the world, to process and preserve their produce on-site, helping them to reduce food loss at source while generating additional revenues for farmers. A third food production worldwide is lost or wasted before it even reaches consumers including […]

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  • Carbon-Free Steelmaking A Step Closer?

    • De-carbonising the steel production process is, if you like, the holy grail for steelmakers globally and one company that is streets ahead in terms of developing a carbon-free steel manufacturing process is the Austrian company, Voestalpine. The Government of Upper Austria has now authorised the construction of the world’s largest pilot plant of its type […]

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  • Iron Ore & Steel Outlook

    • Iron ore is about steel production. According to the Department of Industry, it takes an average 1.4 tonnes of iron ore to produce one tonne of steel. Steel is used for a variety of industrial purposes but the biggest is construction, which accounts for 50% of demand. China is the elephant in the steel room. […]

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