New World Record High for Stainless Steel Output in 2019

New World Record High for Stainless Steel Output in 2019

Global crude stainless steel production is predicted to reach a new record annual total of 53.1 million tonnes, in 2019. This would exceed the previous high figure, set last year, by more than 4.6 percent.Despite strong expansion in emerging countries, such as India and Indonesia, Chinese growth continues to outstrip the world average. MEPS’ forecast... (Đọc tiếp...)

Low Seasonal Demand Impedes Steel Price Growth in Emerging Markets

Low Seasonal Demand Impedes Steel Price Growth in Emerging Markets

The prognosis for the Brazilian steel market is unchanged. Distributors plan to persevere with conservative inventory levels, reflecting a seasonal slowdown in end-user demand. Shipments to companies in construction related activities is weak. Steel price support from export demand is limited.In Russia, steel consuming engineering and manufacturing firms are reluctant to increase production capacity in... (Đọc tiếp...)

US Steel Prices Expected to Recover in Second Half of 2019

US Steel Prices Expected to Recover in Second Half of 2019

US flat product steel prices have been in a steady state of decline since the mid-part of 2018. A gradual uptick in domestic capacity utilisation was a contributory factor to the price erosion. Imported volumes remain an influence, despite the protection of Section 232 measures.  According to MEPS’ research, in July, the majority of ... (Đọc tiếp...)

Northern European Activity is Lethargic, as Holiday Period Approaches

Hot rolled coil demand, in Denmark, is better than in many other European countries, but shows little sign of improvement. Swedish business activity is quite steady, having recovered from a downturn during the spring. Cheap Russian slab supplies put downward pressure on coil values, in Finland. Demand is healthy, in the Netherlands and market participants... (Đọc tiếp...)

Negative Sentiment Continues to Suppress European Steel Prices

Negative Sentiment Continues to Suppress European Steel Prices

The success of price hikes, by European steel producers, is muted. Mill profit margins are unsustainably low, as a result of rising input expenditure. Iron ore costs continue to soar, and those for coking coal remain at an elevated level. Moreover, European steelmakers are battling with increased outlay associated with CO2 emissions. The imperative for... (Đọc tiếp...)

Emerging Economies Transform the Global Stainless Steel Market

Emerging Economies Transform the Global Stainless Steel Market

The shape of the international stainless steel market has changed, in recent years. Burgeoning economic growth, in the developing world – particularly, in Asia – has contributed to growing global production overcapacity, relative to demand. In turn, the number of protectionist trade measures has increased. China’s crude stainless steel output soared from 2 percent of... (Đọc tiếp...)

Uncertainty & Price Volatility Dampens Steel Demand in Emerging Markets

Uncertainty & Price Volatility Dampens Steel Demand in Emerging Markets

Business sentiment is unsettled, in Brazil. Distributors and end-users are frustrated with the increased transaction values proposed by their domestic suppliers. The latest initiative, delayed until July, is viewed as excessive. The business climate is challenging, in the Russian Federation. Inventory levels are being controlled, throughout the supply chain. We note a reluctance on the... (Đọc tiếp...)

Fierce Competition in Growing Southeast Asian Steel Market

In many parts of the world, the outlook for growth in steel demand is quite modest. However, the region that continues to buck the trend is Southeast Asia. This area is a steadily developing market. All ASEAN countries recorded positive growth in 2018 – with similar projections expected, this year. Increased activity from the construction... (Đọc tiếp...)

Hyundai Steel Awards SMS Group Order For Revamp Of The Heavy Section Mill

Hyundai Steel Awards SMS Group Order For Revamp Of The Heavy Section Mill

After successfully completing the commissioning of its new horizontal straightening machine, Hyundai Steel has awarded SMS group a follow-up order for the revamp of its Incheon heavy section mill in South Korea. With this revamp Hyundai Steel aims to expand its product range towards larger sections with webs of up to 1,100 millimeters and sheet... (Đọc tiếp...)

Producers Attempt to Reverse Price Trend but Buyers Resist

Producers Attempt to Reverse Price Trend but Buyers Resist

Industrial activity and steel consumption are stronger, generally, in Scandinavia, than in the rest of Europe. Regional producers attempted to reverse the negative price tendency, and improve their profitability, by introducing increased selling values, for coils, sheets and plates, in June. Buyers, however, took a different view, and small price reductions were recorded, for most... (Đọc tiếp...)