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Tag Archives: steel demand

Chinese Steel demand may drop by 3.5% in 2015, 2% in 2016

The Chinese economy has decelerated as the impact of the rebalancing measures on the investment and real estate sector turned out to be more severe than expected, said the World Steel Association (worldsteel). As a result, activities in the construction ...

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Global Steel Demand to Fall 1.7% This Year, Recover in 2016

The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2015 and 2016. 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 ...

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Turkish Steel market shows bearish trend so far in August

Russian trading houses remain cautious about the strength of domestic steel demand in the September-October period. Meanwhile, long product steelmakers have delayed releasing their September basis quotations. Business confidence amongst Indian dealers remains unsettled. The situation has been further aggravated ...

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Japan’s steel demand to drop in Q2

Japanese Ministry of Economy, Trade and Industry (METI) estimated that Japanese crude steel output will be at 26.18 million tons in the third quarter of 2015, dropping by 6.1% compared to the same period a year ago. METI estimated the ...

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Brazilian Steel demand continues to remain week

Underlying steel demand continues to be weak, in Brazil, according to MEPS. Hot rolled coil stockists are now predicting that domestic suppliers will roll over their transaction values in the next trading period. Negative price sentiment persists in the commodity ...

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Global scrap and DRI demand projected to rise significantly

Rising steel products demand is likely to lead to significant increase in global demand for scrap and DRI over the period of next five years. The demand for scrap and DRI is projected to be on the rise till 2019. On the ...

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Steel demand on South Korean HRC mills is subdue

Steel demand on South Korea’s hot rolled coil mills is subdued, amidst an inflow of low-priced imports from China and a slowing economic recovery, said MEPS International. According to MEPS, during recent settlements, domestic steelmakers have agreed to further discounts. ...

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Steel demand picking up and see upward revision in prices

Domestic steel producers are a divided lot when it comes to price revision for May, but are upbeat about the demand prospects going ahead.  While some companies see stability returning to the market amid improvement in global demand, others continue ...

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Steel demand may return to normal in global market

Last week we discussed the implication of iron ore’s falling prices on global steel market and concluded that at current prices (<$55/t CFR China) most of the Chinese domestic production of ore concentrates would not be viable and therefore even ...

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NLMK sees 2pct gain in steel demand in 2015

OAO Novolipetsk Steel which last year became Russia’s largest steelmaker by output expects global demand for the metal to expand this year even as China slows. Mr Oleg Bagrin CEO of NLMK said that “We expect global steel demand to ...

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