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 […]
Category: News
Opinion: Trumps Not The Bad Guy And China Is Not The Only Villain
You have to hand it to US President Donald Trump. He said he would help the USA’s ailing indigenous steel industry and towards the end of last month he did just that, by announcing plans to slap 25% tariffs on imported steel. We all know that the USA’s main gripe in this respect has been […]
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. […]
