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Steel Exporters Welcome Rial Depreciation

It’s a fairly straightforward scenario. Weakening a domestic currency stimulates the country’s exports and makes imports more expensive—a desirable route to shape an export-oriented economy taken by many export powerhouses such as China. For Iranian steelmakers, who came rushing out ...

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Turkish steel exports drop during H1 2015; imports surge

The most recent statistics published by the Turkish Steel Exporters’ Union (CIB) suggests that steel exports by the country dropped significantly during the first half of the current year. On the other hand, the country’s steel imports surged higher during ...

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Japan’s steel export in Apr ups by 11.7pct from year earlier

Japan released on 25th Japan’s import and export of steel products (preliminary) in April 2015. According to this, its export quantity of steel products (on all steel basis) in April was 3,575,000 tonnes (abbreviated as t/t), down 7.5% from the ...

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Japan’s steel exports see year-on-year decline for the first time in three years

The most recent trade data released by the Japan Iron and Steel Federation (JISF) indicates that steel exports by Japan declined during the year 2014 when compared with the year before. This is the first time in three years that ...

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CIS crude steel output declined further in Dec ’14

According to the recent data published by the World Steel Association (World Steel), the crude steel production by Commonwealth of Independent States (CIS) dropped by 6.3% during the month of Dec ‘14 year-on-year. The total crude steel production by Byelorussia surged higher ...

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Asian crude steel output expanded 1.2% in December 2014

According to the recent data published by the World Steel Association, thecrude steel production by Asia recorded marginal rise of 1.2% during the month of December year-on-year. The total crude steel production by China during December 2014 was 68.090 Million tonnes ...

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World crude steel production expanded 1.1% in 2014

According to the most recent statistics published by the World Steel Association, the crude steel production by 65 member countries was 1,636.960 million tonnes (Mt) in 2014, marginally up by 1.1% in comparison with the production during 2013. The total crude steel ...

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North American crude steel output up 2.2% in Dec ’14

According to the recent data published by the World Steel Association, the crude steel production by North American countries edged higher by 2.2% during the month of Dec ‘14 year-on-year. The total crude steel production by Canada during Dec ‘14 was 970,000 ...

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Chinese steel mills eying new avenues to maintain steel export volumes

On the first Monday of 2015 when Chinese steel market opened varied reactions started to pour in from various market players and analysts about the implications of Chinese government’s decision to withdraw VAT rebate on exports of some of the ...

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Middle East crude steel output surged higher by 12% in Nov ’14

According to most recent data published by the World Steel Association (World Steel), the crude steel production by the Middle East region increased by 11.6% during the month of November year-on-year. The total crude steel production by Iran during November was 1.459 ...

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