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Global Steel Industry faces headwinds from various fronts: worldsteel

The World Steel Association (worldsteel) forecasts that global steel demand will decrease by 1.7% to 1,513 Mt in 2015 following growth of 0.7% in 2014. In 2016, it is forecast that world steel demand will show growth of 0.7% and ...

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For squeezed global steel sector, no quick fix in prospect

The global steel industry faces an escalating crisis and any mill closures already in prospect look unlikely to be enough to restore profitability in the sector. Britain’s second-largest steelmaker SSI UK went into liquidation last week, citing a slump in ...

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Chinese overcapacity destabilizes global steel industry

The recently concluded meeting of the Organization for Economic Cooperation and Development (OECD) demonstrated strong consensus against massive overcapacity in China at a time when demand is witnessing sharp declines. The steel trade associations from across the world also raised ...

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Export restrictions in SA jeopardize steel recycling & should be scrapped

The proposals for multilateral action to counter the harmful impact of export restrictions on steelmaking heard at a recent OECD workshop in South Africa have been welcomed by the Bureau of International Recycling. The proposals were outlined at an OECD ...

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