Chinese first-quarter steel demand surges over 50%
 EUROMETALLatest Updates

Chinese first-quarter steel demand surges over 50%

Published: 16 Apr 2021
Chinese first-quarter steel demand surges over 50%

Chinese official economic data for the first quarter shows crude steel output has remained very strong despite attempts to curb production levels in Tangshan. This has been driven by the strong recovery in end user demand, which gained over 50% year-on-year in Q1, Kallanish calculates. Chinese crude steel output in March was up 19.1% y-o-y to 94.02

Posted in Latest Updates   Read more...

 

Turkey’s CRC exports triple to meet southern Europe demand

Published: 16 Apr 2021
Turkey’s CRC exports triple to meet southern Europe demand

Turkish mills’ cold-rolled coil exports rose significantly year on year in the first two months of 2021 on higher European demand, especially southern Europe, amid availability issues in the region, S&P Global Platts observed from the latest data from the Turkish Statistical Institute (TUIK). Turkish mills’ shipped 133,500 mt of CRC to global markets in

Posted in Latest Updates   Read more...

 

Worldsteel raises 2021 steel demand growth forecast to 5.8%

Published: 16 Apr 2021
Worldsteel raises 2021 steel demand growth forecast to 5.8%

The World Steel Association forecast April 15 that steel demand will grow by 5.8% in 2021 to reach 1.874 billion mt, after declining by just 0.2% in 2020, as the overall impact of the coronavirus pandemic on the sector turned out to be less than previously foreseen. In 2022, steel demand will see further growth

Posted in Latest Updates   Read more...

 

Record steel prices, pellet premiums follow strengthening steel demand

Published: 16 Apr 2021
Record steel prices, pellet premiums follow strengthening steel demand

Higher steel prices and iron ore pellet demand since the fourth quarter followed stronger steel orders and consumption in developed economies, leading the World Steel Association to increase its 2021 steel demand estimates on April 15. Steel-related industries rebounded quickly in Q3 2020, largely due to substantial fiscal stimulus measures and the unleashing of pent-up

Posted in Latest Updates   Read more...

 

EU coil importers in wait-and-see mood

Published: 16 Apr 2021
EU coil importers in wait-and-see mood

Importers of coil in Europe are reported to be in a wait-and-see mood this week as offers from suppliers are scarce and still expensive, but uncertainty is mounting over the third and fourth quarters. Traders report that Indian hot rolled coil suppliers were active a few weeks ago with offers as high as €860/tonne ($1,029)

Posted in Latest Updates   Read more...

 

Page 1 of 613

NEWS