According to the short range outlook of the World Steel Association (worldsteel), steel demand in the European Union (EU) is expected to contract further by 0.5 percent in 2013, well below the 2.4 percent growth which had been forecast in ...
Tags: Steel, Metallurgy, Mineral, Energy
According to the 2012 review of the steel market published by the European Steel Association (EUROFER), crude steel production in the European Union amounted to 168 million mt in the given year, down five percent compared to 2011. Similar ...
Tags: Steel Exports, Mineral
Speaking at the International Steel Trade Day organized by STSG-Eurometal in Milan on April 4, Juergen Nusser, managing director of Eurometal, presented a negative outlook for the European steel market in 2013. Demand fell by 9.5 ...
Tags: Steel Capacity, Nusser, Mineral
Global steel giant ArcelorMittal has announced that it is targeting $3 billion in savings by the end of 2015, by improving the reliability and productivity of its blast furnaces and cutting fuel costs. The steelmaker stated that the asset ...
Tags: Arcelormittal, Mineral, steel
Latin American steelmaker Ternium has reported a net loss of $275 million in the fourth quarter of 2012, compared to a net profit of $136.4 million in the corresponding quarter of the previous year. In the full year 2012, Ternium's net ...
Tags: Ternium, net profit, steelmaker
The European Steel Association (EUROFER) has stated that the EU steel market is expected to continue to slow down in the first quarter of the current year, despite several economic indicators edging up since November 2012. "We do expect a ...
Tags: Steel, steel market, steel industry
US ferrous scrap exports decreased in 2012 to an estimated 23 million tons, down 5.35 percent from 24.3 million tons during 2011, with the main destinations including Turkey, South Korea, Taiwan, Canada and China, in descending order of ...
Tags: scrap exports, scrap, scrap value
Mexico’s apparent steel consumption amounted to 24 million tons in 2012, rising by 15.3% year on year, according to statistics released by the Planning Commission of the Chamber of Industry Iron and Steel (CANACERO). Meanwhile, ...
Tags: Mexico, Steel Consumption, Mineral
According to the data released by Latin American steel association Alacero, imports of finished steel products to Latin America from China totaled 3.2 million metric tons in January-September 2012, becoming the second most important ...
Tags: Alacero, Latin American, Steel Output, Chinese Imports
The Iron and Steel Institute of Thailand (ISIT) predicted that Thailand’s apparent steel consumption would rise to 16.17 million tons this year from 14.65 million tons in a year ago. In the first 10 months of this year, the ...
Tags: Iron and Steel Institute of Thailand, Iron, Steel, energy
The short term market outlook has been revised downwards again According to the latest OECD Economic Outlook,released on 27 November 2012,the global economy is weakening again driven by a significant drop in confidence.High and,in some ...
Tags: steel, short term market outlook, weakening global trade, slowdown
Q2 1012 apparent consumption down more than 12% YoY Stocks reduced further Demand seen falling almost 9% in 2012 Market to remain depressed well into 2013 Timid recovery in H2 2013 In Q2 2012, EU apparent steel consumption fell by ...
Tags: EUROFER, steel consumption, steel market
Imports fell 32% YoY over first 8 months of 2012 Flat products imports remained on a sharply downward trend Licenses: no indication for short-term rise Imports forecast to drop 26% in 2012, slight rise in 2013 Total steel imports ...
Tags: steel import, Europe, steel, steel market
Steel demand worldwide is growing slower than forecast, eroding profit at producers including ArcelorMittal and Tata Steel Ltd. (TATA) and forcing investors to revise their 2012 outlook for the $430 billion industry. Global use of the alloy ...
Tags: Market View, steel, raw material