Automotive demand to recover strongly in 2021: worldsteel
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Automotive demand to recover strongly in 2021: worldsteel

Published: 16 Apr 2021
Automotive demand to recover strongly in 2021: worldsteel

The automotive sector saw the most profound demand decline among steel-using sectors in 2020, with a nosedive in the second quarter. However, it is expected to recover strongly in 2021, worldsteel says in its April short-range outlook (SRO). “The recovery will be driven by pent-up demand, increased use of personal transportation due to safety concerns,

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Benteler acquisition boosts Van Leeuwen 2020 performance

Published: 16 Apr 2021
Benteler acquisition boosts Van Leeuwen 2020 performance

Van Leeuwen Pipe and Tube Group achieved a positive result in 2020, despite the extraordinary overall circumstances, and is upbeat about the current year, Kallanish learns from the Dutch tube distributor. Results were affected by the Covid-19 pandemic, but the company benefited from the scale it gained with Benteler Distribution, which was acquired at the end of

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Acerinox anticipates performance recovery in 2021

Published: 16 Apr 2021
Acerinox anticipates performance recovery in 2021

Acerinox projects production and net sales to improve in 2021, says company president Rafael Miranda. He was speaking during a conference ahead of the Spanish stainless steel producer’s annual general meeting held on 15 April, Kallanish reports. “We see light at the end of the tunnel,” Miranda says. “We believe 2021 will be a year of recovery

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Global demand recovery keeps outpacing expectations: worldsteel

Published: 16 Apr 2021
Global demand recovery keeps outpacing expectations: worldsteel

Global steel demand performed in 2020 better than previously expected, and the outlook for 2021 has also been revised upwards by worldsteel, Kallanish learns from the association. In its previous outlook issued last October, worldsteel had expected finished steel demand to fall 2.4% on-year in 2020. The association confirmed on Thursday, however, that the fall was only

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Developing economy demand to recover strongly: worldsteel

Published: 16 Apr 2021
Developing economy demand to recover strongly: worldsteel

Developing economies, excluding China, suffered more from the Covid-19 pandemic in 2020, but steel demand is expected to show a relatively quick rebound in 2021 and 2022, worldsteel says in its April short-range outlook (SRO). Finished steel demand in developing economies will increase 10.2% on-year in 2021 to 478.2 million tonnes, following a 7.8% decline

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